EROAD (ASX:ERD) inks major contract with Australasian customer

EROAD, a fleet management and transport technology software solutions provider, signed a contract with its largest customer in Australasia.

The contract includes a minimum of 5,000 units for the customer's Australian fleet and a renewal of 6,000 units for their New Zealand fleet.

Under the terms of the agreement, the customer's identity remains confidential.

The three-year contract has an option to extend for an additional two years. EROAD anticipates further expansion within the account over the contract's term.