MTData tests buyer appetite

Logistics and transport tracking company MTData is working with Ernst & Young.
Logistics and transport tracking company MTData is working with Ernst & Young. Glenn Hunt

Privately-held transport and logistics technology company MTData is on the block, with the owners and advisers drumming up interest among potential private equity and trade buyers.

Street Talk understands MTData's owners have called in Ernst & Young's Melbourne office to run the sale, seeking a bid in the $50 million to $100 million range.

MTData provides GPS fleet management and dispatch system software to transport, logistics, government departments and service organisations in Australia and offshore.

It's all about tracking and data analysis, whether that is for taxis and buses or in-vehicle monitoring systems in mine site trucks.

It's understood the company is making about $7 million in annual earnings.

The business is expected to be pitched to both trade and private equity parties, who are keen on the logistics sector.

The sale process comes as MTData ramps up its expansion plans, including moving into Finland and other European markets.

The Melbourne-based company is run by co-owner Matt Bellizia, and overseen by directors including David and Arthur Fisher.