On 30 June, Vontier closed the sale of Teletrac Navman to the private equity firm Respida Capital. The headline valuation was 220 million dollars, which in our industry is a real transaction and not a footnote. The structure is where it gets interesting, and you have to go to the quarterly filing to find it. […]
After months of silence, the European fleet management industry witnessed three major deals in October – signaling a potential shift in market dynamics. YellowFox has found a new owner with Peter Möhrle. TACHOfresh was bought by Kienzle. And last but not least: Verizon Connect sold its international commercial operations to Geotab, while retaining its U.S.
Just yesterday, an announcement was published that has created some waves in the the fleet management industry: Geotab Acquires Verizon Connect’s International Commercial Operations. This is the first major acquisition from the market leader in Fleet Management – and at the same time a realization from Verizon that Fleet Management is difficult to master, especially
You have to be a special kind of person to enjoy reading or writing Technology Due Diligences in the context of Mergers and Acquisitions. I find many of them to be rather generic, always pondering about the same set of standard issues. They are summarized, put away in a folder and never touched again. Their