We advised the private investors and Wellingtonpartners
HSCie Customer
Wellington Partners, Munich, Germany
The company invests venture capital in world-class European young companies with a big future in the sectors Technology and Life Sciences.
www.wellington-partners.com
Companies involved
Truck24 AG, Oberhaching, Germany
Truck24 AG is a leading German-based Central European telematics service provider (TSP), specialising in the HGV and logistics sectors across Germany, Switzerland and Austria.
www.truck24.de
Cybit Holdings Plc, Huntigdon, UK
Cybit is a global force in Telematics, operating within three core sectors: Internet-based vehicle Telematics solutions, Economic Exclusion Zone (EEZ) Management, and Private Mobile Radio (PMR) based asset tracking and precise positioning solutions.
www.cybitholdings.com
Transaction
As of March 31st, the shareholders of Truck24 AG, including a fund of Wellington Partners, sold 100% of the company to Cybit Holding Plc.
Through this acquisition Cybit Holding Plc gets direct access to Central Europe and strengthens its position as a European leading telematics vendor, creating a customer community of over 1,700 and more than 70,000 mobile assets tracked by Cybit Group hardware and software solution.
Task
As a corporate finance advisor, HSCie provided Truck24 and the vendors respectively during all phases of the transaction.
Year: 2008
Transaction value: Not published
Industry: TMT/IT/Internet
Business field: Mergers & Acquisitions
Further Transactions
