Eurowag to acquire a 30% stake in Sygic for €14m.

Eurowag, an integrated payments and mobility platform, agreed to acquire a 30% stake in Sygic, an automotive navigation systems developer, for €14m. "We have been working successfully with Sygic and its management team since early 2019. The ambition then was to add their location-based products and services to our growing suite of mobility solutions. Our strategic focus has evolved, and we are now building a digital platform where our customers will have access to all our solutions through a single channel. The full consolidation of Sygic is the next logical step to achieve our ambition and fully utilise their technology expertise and skill sets. We are also pleased to have Martin Strigač, CEO of Sygic, joining our Executive team as Chief Product Officer, where he will be fundamental in helping us build our digital platform," Martin Vohánka, Eurowag Founder and CEO.