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New Deal


Announced

Completed

Otonomo completed the acquisition of The Floow for $69m.

Financials

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Transaction Value£51m
Consideration TypeContingent Deferred Consideration, Cash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

Cross Border

SaaS provider

Majority

Completed

Software

Friendly

Single Bidder

United Kingdom

Synopsis

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Otonomo, a mobility intelligence company, completed the acquisition of The Floow, a SaaS provider of connected insurance technology, for $69m. “We are pleased to announce the successful closing of the acquisition and we look forward to benefiting from the complementary set of insurance data solutions, customers and markets that The Floow brings. By combining The Floow’s established portfolio of connected insurance clients and strategic partnerships with Otonomo’s connected car platform, we believe that we are now even better positioned to offer superior intelligent and connected solutions to the global data mobility market," Ben Volkow, Otonomo CEO.

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