Announced
Completed
Financials
Tags
United States
Completed
automotive software
Auto Technology
Private Equity
Private
technology company
driving data
Minority
Friendly
Acquisition
telematics
Cross Border
Disposal
Synopsis
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 .
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.