Announced

Viasat Group acquired the 60% of the Portuguese Trackit Consulting

Synopsis

The European Telematics Company Viasat Group announced today the acquisition of 60% of the Portuguese TRACKiT Consulting, specialized in technological fields where the Group is present, thereby strengthening its presence in the geographical market before guarded by a technical and commercial green field. Financial terms were not disclosed. Paulo Fournier, TRACKiT Consulting shareholder and CEO, said: "It’s with pride that we see our company integrate into a group whose values suits perfectly in the philosophy and strategy adopted by our company since the early beginning. With this new step, we hope to accomplish our objectives in a more stable and concrete way, increasing and refining the services that we are providing to our clients, improving the user’s experience".

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