Announced
Completed
Financials
Sources
Tags
vehicle telematics & tracking systems
Minority
Auto Technology
Private
Acquisition
United Kingdom
Friendly
Private Equity
Single Bidder
fleet management solutions
Domestic
Completed
Synopsis
Bridges, a fund manager, completed the $85m investment in Matrix Telematics, a manufacturer of vehicle telematics systems and developer of fleet management software. “We’re delighted to partner with Bridges. We were looking for an investor who not only shared our vision and ambition for the company’s growth, but also really understood our mission to improve driver safety and reduce accidents on our roads. Their experience of scaling companies like ours – plus their impact expertise in powering better outcomes – will be highly beneficial as we enter the next phase of our growth," Mark Packman, Matrix CEO.
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