Targa Telematics to acquire Viasat Group.

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.