Permira, CPPIB and GIC completed the acquisition of a majority stake in Lytx at $2.5bn valuation.

Investment firms Permira, CPPIB and GIC, completed the acquisition of a majority stake in Lytx, a provider of video telematics, analytics, safety and productivity solutions for commercial and public sector fleet, at $2.5 valuation. “Permira is a leading technology investor globally and has a proven track record of helping companies build and grow their businesses over the long term. With their expertise and the capital from this transaction, Lytx is poised to accelerate product innovation, make strategic acquisitions, expand globally, and further lead the digital transformation of fleets worldwide," Brandon Nixon, Lytx CEO .