t42 IoT Tracking Solutions PLC
t42 IoT Tracking Solutions plc is a public company incorporated in Jersey on 28 November 2012 under registration number 111932. Its registered office is at IFC5, St Helier, Jersey, JE1 1ST, and its status is active. The company was originally incorporated as Starcom Systems plc and traded as Starcom plc before adopting its current name in November 2021.
t42 IoT Tracking Solutions plc designs and supplies Internet-of-Things hardware and software for tracking, securing and monitoring physical assets — principally shipping containers, cargo and vehicles — for the global supply-chain, logistics and freight markets. Its product range includes the Tetis cargo-tracking and monitoring system, the Lokies keyless IoT padlock, the Kylos GPS asset tracker, and the Helios vehicle-tracking platform, sold through distributors and logistics partners in more than 50 countries. Its main operating base is in Hod Hasharon, Israel, through its Israeli subsidiary.
t42 IoT Tracking Solutions plc's ordinary shares (ISIN JE00BKVDPL34) trade on the AIM market of the London Stock Exchange under ticker TRAC. For the year ended 31 December 2025, the company reported consolidated revenue of $6.10 million, up 47% year on year, and adjusted EBITDA of $1.23 million, compared with a loss in the prior year, according to its final results announced 13 April 2026. KPMG Israel was appointed as the company's auditor with effect from the 2025 year end, replacing the previous auditor.
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Shareholders
t42 IoT Tracking Solutions plc discloses shareholder information mainly through director and PDMR (person discharging managerial responsibility) dealing announcements made under the UK Market Abuse Regulation, rather than through a complete published shareholder register. Following a share issue on 2 January 2026 that settled part of two directors’ accrued remuneration in equity, Non-Executive Chairman Michael Rosenberg held 6,561,294 ordinary shares, approximately 9.0% of the company’s enlarged share capital, and then-Non-Executive Director Martin Blair held 4,102,884 shares, approximately 5.6%. An earlier company disclosure, last confirmed updated 20 March 2024, recorded Chief Executive Avraham (Avi) Hartmann as holding approximately 10.83% of shares in issue at that date; this figure predates several subsequent share issuances (including the January 2026 issue) and has not been re-confirmed at a more recent date. No shareholding by an investor unconnected with the board has been identified in the sources reviewed for this profile.
Data availability
Shareholder information for t42 IoT Tracking Solutions plc is classified as Partial: director and PDMR shareholdings are disclosed through regulatory news announcements as they occur, but Jersey does not operate a publicly searchable central register of beneficial ownership, so no complete, dated list of all shareholders above a disclosure threshold has been independently confirmed as current for this profile. No ultimate beneficial owner has been identified from an authoritative source and none is reported here.
Sources
- t42 IoT Tracking Solutions plc — AGM Results, Director Dealings, Change of Auditor (RNS), Investegate, announced 2 January 2026, retrieved September 2026
- t42 IoT Tracking Solutions plc — AIM Rule 26 shareholder disclosure, www.t42.co.uk, last updated 20 March 2024, retrieved September 2026
Officers
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t42 IoT Tracking Solutions plc’s board currently comprises three directors: Michael Rosenberg OBE (Non-Executive Chairman), Avraham “Avi” Hartmann (Chief Executive Officer and executive director, and a company co-founder), and Igor Vatenmacher (Non-Executive Director). Martin Blair resigned as a Non-Executive Director and relinquished his role as Audit Committee chairman with effect from 30 June 2026, as announced in the company’s 2025 final results and confirmed in a further RNS on board and board-committee changes; no replacement board appointment has been identified. Igor Vatenmacher succeeded Martin Blair as Audit Committee chairman from the end of June 2026, alongside Michael Rosenberg. Igor Vatenmacher had earlier stepped down as Chief Financial Officer with immediate effect on 7 April 2025 while remaining on the board in a non-executive capacity; Aviran Sabag has since served as Chief Financial Officer in a non-board executive capacity. Uri Hartmann, a company co-founder, is reported by the company as Chief Technology Officer, and Shachar Rosiansky was appointed Vice President of Sales and Marketing at the start of 2025; neither holds a board directorship. This reflects the company’s announcements up to and including its June 2026 board changes.
Recent officer changes
- Martin Blair — resigned as Non-Executive Director and Audit Committee chairman, effective 30 June 2026.
- Igor Vatenmacher — stepped down as Chief Financial Officer effective 7 April 2025, remaining as Non-Executive Director; became Audit Committee chairman effective end of June 2026.
- Aviran Sabag — serving as Chief Financial Officer in a non-board executive capacity following Igor Vatenmacher’s April 2025 CFO resignation.
Data availability
Officer information for t42 IoT Tracking Solutions plc is classified as Partial: current board composition and recent board changes are confirmed through the company’s own regulatory announcements and investor-relations pages, but nationality and country of residence are not disclosed for any officer in these sources. Nationality is not disclosed here and must not be inferred from any officer’s name, reported job location, or the group’s Israeli operating base.
Sources
- t42 IoT Tracking Solutions plc — 2025 Final Results (RNS), 13 April 2026
- t42 IoT Tracking Solutions plc — Business Update & Board Change (RNS), 7 April 2025
- t42 IoT Tracking Solutions plc — Board and Board Committee Changes effective 30 June 2026 (RNS)
- t42 IoT Tracking Solutions plc — Board of Directors, www.t42.co.uk/investors, retrieved September 2026
Registry feed — rows exactly as filed with the source register, including entries the profile above does not cover.
Group Structure
t42 IoT Tracking Solutions plc is the ultimate parent company of the group and is not itself a subsidiary of another company. According to the company’s own 2025 final results announcement, it has two direct, wholly-owned subsidiaries: Starcom Systems Limited, incorporated in Jersey, and t42 Ltd, incorporated in Israel and reported as the group’s main operating entity, based in Hod Hasharon. No indirect subsidiaries, sister companies or branches beyond these two entities have been identified in the sources reviewed for this profile, and exact registration numbers for the two subsidiaries were not confirmed.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Starcom Systems Limited | Jersey | Not disclosed | Direct subsidiary (wholly-owned, reported) | Ownership percentage not disclosed | Active | 13 April 2026 |
| t42 Ltd | Israel | Not disclosed | Direct subsidiary (wholly-owned, reported); main operating entity | Ownership percentage not disclosed | Active | 13 April 2026 |
Data availability
Group-structure information for t42 IoT Tracking Solutions plc is classified as Partial: the parent position and the identity of its two wholly-owned subsidiaries are confirmed from the company’s own regulatory announcement, but registration numbers, exact ownership percentages and any further sub-subsidiaries have not been independently verified for this profile.
Sources
- t42 IoT Tracking Solutions plc — 2025 Final Results (RNS), 13 April 2026
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Frequently Asked Questions
What does t42 IoT Tracking Solutions plc do?
t42 IoT Tracking Solutions plc designs and supplies Internet-of-Things hardware and software for tracking, securing and monitoring shipping containers, cargo and vehicles for the global supply-chain, logistics and freight markets, through products including Tetis, Lokies, Kylos and Helios.
Is t42 IoT Tracking Solutions plc publicly listed?
Yes. t42 IoT Tracking Solutions plc's ordinary shares (ISIN JE00BKVDPL34) trade on the AIM market of the London Stock Exchange under ticker TRAC.
What was t42 IoT Tracking Solutions plc's latest reported revenue?
For the year ended 31 December 2025, t42 IoT Tracking Solutions plc reported consolidated revenue of $6.10 million, up 47% year on year, and adjusted EBITDA of $1.23 million, announced in its final results on 13 April 2026.
Where is t42 IoT Tracking Solutions plc registered?
t42 IoT Tracking Solutions plc is incorporated in Jersey (registration number 111932), with its registered office at IFC5, St Helier, Jersey, JE1 1ST. Its main operations are conducted through its Israeli subsidiary, based in Hod Hasharon.
What was t42 IoT Tracking Solutions plc previously called?
t42 IoT Tracking Solutions plc was previously known as Starcom Systems plc / Starcom plc, adopting its current name in November 2021.
Who are the current directors of t42 IoT Tracking Solutions plc?
The board comprises Michael Rosenberg OBE (Non-Executive Chairman), Avraham "Avi" Hartmann (Chief Executive Officer), and Igor Vatenmacher (Non-Executive Director). Martin Blair resigned as a Non-Executive Director effective 30 June 2026.
Does t42 IoT Tracking Solutions plc have subsidiaries?
Yes. Its reported wholly-owned subsidiaries are Starcom Systems Limited (Jersey) and t42 Ltd (Israel), the latter being the group's main operating entity.
Who are the major shareholders of t42 IoT Tracking Solutions plc?
Disclosed holdings include Non-Executive Chairman Michael Rosenberg at approximately 9.0% and former Non-Executive Director Martin Blair at approximately 5.6% (as of 2 January 2026), with Chief Executive Avi Hartmann earlier reported at approximately 10.83% (as of 20 March 2024, not re-confirmed since). No complete shareholder register is publicly available.
Is t42 IoT Tracking Solutions PLC still an active company?
t42 IoT Tracking Solutions PLC's status is listed as active.
When was t42 IoT Tracking Solutions PLC incorporated?
t42 IoT Tracking Solutions PLC was incorporated on 28 November 2012.
What is t42 IoT Tracking Solutions PLC's registered address?
The registered address on file for t42 IoT Tracking Solutions PLC is St. Helier, Jersey.
Can Zavia monitor changes to t42 IoT Tracking Solutions PLC's ownership over time?
This profile reflects a point-in-time snapshot. Zavia's monitoring API can track changes to t42 IoT Tracking Solutions PLC's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access t42 IoT Tracking Solutions PLC's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Jersey, so records like t42 IoT Tracking Solutions PLC's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.