Announced
Completed
Financials
Tags
Domestic
Germany
Private
Majority
telematic vendors
Completed
Friendly
Acquisition
Private Equity
Single Bidder
Information / Data Services
Synopsis
ECM Equity Capital Management, a private equity fimr, completed the acquisition of YellowFox, the telematics software provider. Financial terms were not disclosed. “There is already no getting around the use of intelligent telematics solutions in many areas, if only to meet the legal requirements, to realize transparency, efficiency and cost advantages. The requirements will continue to increase, across all industries. We see great potential for YellowFox. The areas of application for the telematics solutions are far from exhausted and the prospects for growth are extraordinarily good as a result. We are therefore pleased to support Hendrik Scherf and the highly motivated team in the further development of YellowFox in the future," Florian Thelenberg, ECM Group Partner.
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