M&A Deal Summary

Modaxo and Cittati Acquire Auttran

On June 2, 2022, Modaxo and Cittati acquired transportation company Auttran

Acquisition Highlights
  • This is Modaxo’s 1st and Cittati’s 1st transaction in the Transportation sector.
  • This is Modaxo’s 1st and Cittati’s 1st transaction in Brazil.

M&A Deal Summary
Date 2022-06-02
Target Auttran
Sector Transportation
Buyer(s) Modaxo
Cittati
Deal Type Add-on Acquisition

Target

Auttran

São Paulo, Brazil
website
Auttran offers a number of products and services to the public transport, corporate, and school transport markets. Auttran was founded in 1996 and is based in São Paulo, Brazil.

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Buyer(S) 2

Buyer

Modaxo

Mississauga, Ontario, Canada

website

Category Company
Founded 2010
Sector Information Technology
DESCRIPTION

Modaxo is a global technology organization passionate about moving the world’s people. Working both together and independently, its collection of businesses is committed to delivering software and technology solutions that help connect people with the places they need to go for work, family, and everyday life. Modaxo was formed in 2010 and is based in Mississauga, Ontario.

DEAL STATS #
Overall 2 of 5
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Brazil) 1 of 1
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-11 Corethree

Watford, United Kingdom

Corethree is a fast-growing specialist technology company, founded to enable businesses take advantage of the mobile-data intersection the single biggest opportunity to create direct communication with the customer. By integrating disparate data points to create solutions that maximize revenues and improve customer engagement, it solves business problems and creates new revenue opportunities for its clients through mobile. Corethree is based in Watford, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-30 Civix CI

Metairie, Louisiana, United States

Civix CI’s solution portfolio provides an integrated software platform known as AirportIQ for airports including Hartsfield-Jackson Atlanta International, the Houston Airport System, JFK, and San Francisco International. AirportIQ empowers staff to manage their revenue, safety, and security programs, airport operations, and key resources. Civix CI is based in Metairie, Louisiana.

Buy -
Buyer

Cittati

São Paulo, Brazil

website

Category Company
Sector Transportation
DESCRIPTION

Cittati is a company that works creatively and restlessly to offer the best solutions for urban mobility, impacting the daily lives of millions of people who use a bus. Cittati is based in São Paulo, Brazil.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Brazil) 1 of 1
Year (2022) 1 of 1
Mergr

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