Investcorp completed the acquisition of Arvento Mobile Systems.

Investcorp, a provider and manager of alternative investment products, completed the acquisition of Arvento Mobile Systems, a telematics company. Financial terms were not disclosed. “Arvento is a perfect fit for Investcorp’s portfolio of corporate investments. It is the second telematics business to have been acquired by Investcorp after FleetMatics, a business that we invested in 2008 and that has rapidly expanded under our ownership, eventually leading to a successful IPO on the NYSE in 2012. We see a lot of opportunity for Arvento as we bring our successful FleetMatics experience, capital and operational knowledge to the team to help the business diversify its offer and expand into new markets. We look forward to creating a world-leading telematics business with Arvento’s dynamic, founding partners,” Mohammed Al Shroogi, Gulf Business Investcorp’s President.