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New Deal


Announced

EROAD to acquire Coretex for $107m.

Financials

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Transaction Value£80m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Majority

Single Bidder

Domestic

Friendly

telematics vertical

Private

New Zealand

Digital Services

Acquisition

Synopsis

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EROAD, a transport technology and services company, agreed to acquire Coretex, a telematics vertical specialist provider, for $107m. “The acquisition of Coretex is truly transformational for EROAD. Accelerating our key growth metrics by two years in North America and Australia and positioning us to become a bigger player in the global telematics market,” Steven Newman, EROAD CEO.

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