15 April 2024 – Vela is pleased to announce the strategic acquisition of Samtech, a South American technology company providing innovative asset management solutions to the mining, construction, cement and fleet rental industries.

Based in Santiago, Chile, Samtech has more than 600 customers and is a leading supplier of fleet management, machine performance and telematics software and hardware. Samtech’s fleet management solution enables comprehensive monitoring and traceability of heavy, light and ancillary vehicles. The system is scalable from small fleets right up to thousands of mobile assets in large organizations.

“One of the fastest growing divisions in Vela Industries Group is our fleet management business, which is currently focused on heavy earthmoving equipment in mining and civil construction. Samtech impressed us with their innovative sensor technologies and ability to monitor very large fleets across a range of industries” said Dylan Webb, Portfolio Manager at Vela Industries Group. “The complementary fit between our existing dispatch and asset management technology with the Samtech offering is exciting and we look forward to providing a comprehensive, OEM independent solution to our customers in Latin America and around the world.”

Samtech has deep expertise in the deployment of a comprehensive management suite that combines operational, logistic, and administrative data, and allows the creation of customized business process rules, supporting decision-making and continuous improvement. Vela’s global customer base in the mining and construction industries will benefit from access to Samtech’s proven solutions for optimizing fleet productivity.

Cristian Barrientos, CEO of Samtech said, “We could not have asked for a better partner to join than Vela and we are excited about what the future holds for Samtech! This is a new stage of growth and evolution for us, where the main beneficiaries will be our valued customers, who will have greater support and access to a broader portfolio of solutions, which will allow them to further improve the performance of their businesses. At the same time, our team members will have new challenges and opportunities to learn and grow as part of a large multinational group. I have no doubt that the quality of Samtech’s solutions will allow us to expand globally leveraging Vela’s extensive network, solutions and expertise. Samtech will continue to be managed by myself and the team that our customers have come to depend on and rely on for their operations.”

Daniel Chausson, COO Americas for Vela Industries Group, commented, “Samtech has distinguished itself as a dependable partner and has become a leader in the fleet management space with a large and loyal customer base in the mining and construction sectors. Samtech’s commitment to long-term relationships and providing superior products and support is evident by the business’s growth trajectory and high customer satisfaction. We are excited to welcome Samtech’s highly experienced team, and

under the leadership of Cristian Barrientos we are confident that Samtech will continue to grow and provide innovative solutions in the future.”

About Samtech

Founded in 2007, Samtech has operations in Chile and Colombia with more than 600 customers, supporting the management and monitoring of more than 23,000 connected assets. Samtech offers innovative solutions for security of employees and assets, fleet management, and machine performance.

About Vela Industries Group Vela Industries Group, as part of Vela Software Group and Constellation Software Inc, is a portfolio of technology firms focused on the needs of capital intensive, high consequence industries with large workforces.

We provide leading solutions for planning, production, health & safety, environment and governance across a range of sectors including natural resources, utilities, infrastructure, sanitation, manufacturing, construction, defence and corporate health.

Our unique model caters to the specialized technical needs of each industry, with the scale and depth of capability to sustainably deliver secure, enterprise grade solutions, ongoing innovation and global reach. Vela is an operating group of Constellation Software Inc. (TSX: CSU), a public company listed on the Toronto Stock Exchange.

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