Global Environment Fund (GEF), a global alternative asset investment firm dedicated to the energy, environmental and resource management industries, today announced the acquisition of SCT Holdings (SCT), the leading software company focused on improving fuel efficiency and increasing performance in vehicles.
GEF’s investment will support SCT’s continued growth in the corporate and municipal fleet market. The company’s fleet solutions have been independently verified to reduce vehicle fuel consumption between 7% and 15%. GEF Managing Director, Lisa Schule, stated, “SCT offers fleet managers an innovative, high-ROI solution that allows them to both reduce costs and improve sustainability. SCT is a leader in the industry with innovative technology and an impressive team of employees. GEF is impressed with the company’s growth to date, and we are looking forward to working with the SCT management team to pursue the significant growth opportunities ahead for the company in the fleet market, as well as in other areas of their business.”
SCT and GEF will also work together to continue the company’s expansion in the performance automotive aftermarket, as well as pursue expansion into new vehicle platforms, geographies, and customer segments. CEO Rick Trudo said, “SCT is excited to have GEF as a partner. Their expertise and global reach will be invaluable to us as we pursue our growth plans and continue offering our customers the highest quality products in the industry.”
SCT is a Sanford, Florida-based software company in the automotive aftermarket industry. SCT’s software solutions recalibrate a vehicle’s engine and transmission systems. This recalibration enables customers to enjoy increased performance and/or decreased fuel consumption, as vehicles can be optimized based on their actual usage rather than the general stock settings found on vehicles from OEMs. SCT’s heritage is in providing calibrations to car enthusiasts looking for increased performance. The company expanded into the fleet market in 2010, offering fleet managers solutions that improve fuel efficiency.