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New Deal


Announced

Targa Telematics to acquire Viasat Group.

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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Auto Technology

automotive technology

Italy

Acquisition

Domestic

Majority

Private

Pending

Friendly

Single Bidder

Synopsis

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Targa Telematics, a software company, agreed to acquire Viasat Group, an automotive technology company. Financial terms were not disclosed. “This operation with Targa Telematics, an innovative tech-company and leader in the field, is an important acknowledgment of the value established over time and the growth perspectives of Viasat Group. The partnership with Targa Telematics is the best strategy to open new and wider horizons both for the company business and for the people operating in it with great professionality. The electronic planning and production, as well as hardware and software development linked to Waste Management are not part of the acquisition,” Domenico Petrone, Viasat Group President and CEO.

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