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New Deal


Announced

Completed

Tencent-backed G7 Connect completed the merger with Alibaba-backed E6 Technology.

Financials

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

Tags

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Private

China

Domestic

Acquisition

Single Bidder

Trucking

Majority

Merger

Friendly

fleet management

Completed

Synopsis

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Tencent-backed G7 Connect, a fleet management company, completed the merger with Alibaba-backed E6 Technology. Financial terms were not disclosed. "Freight managers in China have strong demand for digitising their business through the adoption of enterprise software services and the combination will allow the two companies to invest more in technology and create higher value for customers," Zhai Xuehun, G7 Connect Co-Founder and CEO.

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