Royal Bank of Scotland Group (RBS) has not ruled out using the purchase of Tracker Network (UK) to enter the pay-as-you-drive market.
RBS bought Tracker at the beginning of the year for an estimated £90m, as revealed exclusively in Insurance Times (News 23 September 2004).
Tracker will now be integrated into Green Flag Motoring Assistance.
Though the group did not go into details about the future direction of the company, it did not rule out using the Tracker technology as a springboard into the pay-as-you-drive market.
A Green Flag spokesman said: "This acquisition is about extending our already highly successful vehicle recovery business to embrace stolen vehicle recovery.
That is where our principal focus lies."
The spokesman added: "Our aim is to integrate the two businesses as quickly and smoothly as possible, in order to ensure that disruption to our employees and our customers is kept to an absolute minimum.
"New business structures and roles will be developed to ensure that there is no duplication of activities and the right roles and infrastructure are in place to take the business forward."
The Green Flag spokesman added that any information provided to Tracker by insurers or brokers will be ring-fenced from other parts of the RBS group.
