Investindustrial has agreed to acquire Targa Telematics S.p.A.

Investindustrial has signed an agreement to purchase a stake in Targa Telematics, an Italian technology company that offers solutions in telematics, smart mobility and digital Internet of Things (IoT) platforms for mobility operators. This acquisition will further strengthen the company’s shareholding structure, focusing on a long-term value creation process by accelerating the international expansion.

Andrea C. Bonomi, Chairman of the Industrial Advisory Board of Investindustrial, commented, “We are very happy to partner with Targa Telematics. Being able to work with the company, its management and other shareholders shows how, thanks to innovation, the growth path of excellent companies can be accelerated. Cutting-edge technologies such as those developed by Targa Telematics are recognized not only in Italy, but also abroad, and make this company a leading international player that perfectly matches the quality profile of the companies in which Investindustrial usually invests.”

Lincoln acted as the exclusive buy-side advisor to Investindustrial, providing process, financial and tactical advisory expertise within a highly accelerated time frame.

Closing of the transaction is expected in the second half of 2021.

About Investindustrial

Investindustrial is a leading European group of independently managed investment, holding and advisory companies with €11 billion of raised fund capital. Investindustrial has a 30-year history of providing middle market companies capital, industrial expertise, operational focus and global platforms to accelerate sustainable value creation and international expansion.

About Targa Telematics

Targa Telematics has 20 years of experience and over half-a-million connected assets. It is aimed at short- and long-term rental companies, financial and insurance companies and managers of large fleets, ranging from insurance telematics to asset and fleet management, from diagnostics and remote telemetry of vehicles, professional and construction vehicles, to the management of airport vehicles.

Investindustrial Targa Telematics 2021
  • 2021
    Close Year
  • Industrials
    Industry
  • Private Equity
    Client Type
  • Financial | Domestic
    Transaction Type
  • Italy
    Country

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