Investindustrial completed the acquisition of Targa Telematics for $170m.

Investindustrial, an investment company, completed the acquisition of Targa Telematics, an Italian technology company that offers solutions in telematics, smart mobility and digital IoT platforms for mobility operators, for $170m. "We are very happy to partner with Targa Telematics. Being able to work with the company, its management and other shareholders shows how, thanks to innovation, the growth path of excellent companies can be accelerated. Cutting-edge technologies such as those developed by Targa Telematics are recognized not only in Italy, but also abroad and make this company a leading international player that perfectly matches the quality profile of the companies in which Investindustrial usually invests," Andrea C. Bonomi, Investindustrial Chairman.