.
MergerLinks Header Logo

New Deal


Announced

Completed

TUS International completed the acquisition of Telit Automotive Solutions for $105m.

Financials

Edit Data
Transaction Value£79m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

manufacturing

car technologies

Auto Technology

Belgium

Private

Disposal

Friendly

Single Bidder

Completed

Cross Border

Majority

Acquisition

Synopsis

Edit

TUS International, a technology company, completed the acquisition of Telit Automotive Solutions, an automotive OEM company, for $105m. "This transaction will significantly reduce our debt and provide us with the financial flexibility to focus our resources and accelerate the integration of our hardware and IoT services product lines in order to strengthen our leading position in the end-to-end IoT solutions space,” Yosi Fait, Telit CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US