April/May 2007

Igloo Thermo-Logistics, a transport company in the food and pharmaceutical industries industry that made a successful appearance in the latest series of the BBC Two television programme Dragons' Den, has chosen Masternaut to provide a telematics-based vehicle management and temperature monitoring system.

Igloo operates a growing fleet of vehicles of all sizes up to 7.5-tonne trucks with payload capacities of 2700kg.

Igloo's management team, led by managing director Anthony Coates-Smith, received investment offers from all five dragons, and eventually accepted a joint investment of £160,000 from Glaswegian entrepreneur Duncan Bannatyne and Australian multi-millionaire Richard Farleigh, who between them took a 22.5 per cent stake in the business.

Since appearing on the programme the company has opened a second chilled storage and distribution facility in Leeds and has a third in the pipeline.