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Announced

Completed

Roadzen completed the acquisition of National Automobile Club.

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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United States

automobile club

Property and Casualty Insurance

Acquisition

Cross Border

Majority

Private

Completed

Friendly

Single Bidder

Synopsis

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Roadzen, a global insurance technology company, completed the acquisition of National Automobile Club, commercial auto club in the US. Financial terms were not disclosed. “Roadzen views the acquisition of NAC to be the cornerstone of its strategy to penetrate the US market, the largest auto insurance market in the world. We are integrating our state of the art AI products for FNOL, vehicle inspection, dispatch and claims management at NAC to offer customers an end-to-end automated claims and roadside experience,” Rohan Malhotra, Roadzen Chief Executive Officer and Founder.

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