Tingo Group - M&A Summary and Business Overview

Technology HardwareCompany

Tingo Group M&A Summary

Tingo Group has acquired 1 company. It has also divested 2 assets.

Tingo Group’s largest acquisition to date was in 2016, when it acquired Novatel Wireless - Telematics business for $24M. It’s largest disclosed sale occurred in 2018, when it sold Enertec Systems to Coolisys Technologies for $5M. Tingo Group has acquired in 1 US state. The Company’s most targeted sectors include communications (100%).

Tingo Group Business Overview

Where is Tingo Group headquartered?

Tingo Group is headquartered in Montvale, New Jersey.

What is Tingo Group’s revenue?

Tingo Group disclosed revenue of 146M USD for 2022 and 56M USD for 2021.

How many employees does Tingo Group have?

Tingo Group has 797 employees.

What sector is Tingo Group in?

Tingo Group is a technology hardware company.

When was Tingo Group founded?

Tingo Group was founded in 2002.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity1
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3

Tingo Group

Tingo Group, Inc.

28 West Grand Avenue Suite 3,
Montvale, New Jersey 07645
United States,
(201) 225-0190
www.tingogroup.com

Tingo Group is a designer, developer, manufacturer, and marketer of rugged mobile computing devices that provide fleet operators and field workforces with computing solutions in challenging work environments. Tingo Group was founded in 2002 and is based in Montvale, New Jersey.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
vol $24M $24M
Sell (0.0/yr) # 2 - - - - - 2
vol $5M $5M
  3

Most Recent M&A

Company Date Value Type
Micronet Ltd. 2018-12-20 - Divestiture
Azur, Israel
Enertec Systems Ltd. 2018-01-02 5M USD Divestiture
Karmiel, Israel · www.enertec.co.il
Novatel Wireless - Telematics business 2016-02-18 24M USD Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Communications 1 (100%) 24M (100%) - -
Electrical Equipment - - 1 (50%) 5M (100%)
Technology Hardware - - 1 (50%) -
Total 1 $24M 2 $5M

By Geo

State/Country Buy Value Sell Value
Israel - - 2 5M
United States 1 24M - -
Domestic 1 (100%) 24M (100%) - -
Cross-border - - 2 (100%) 5M (100%)
Total 1 $24M 2 $5M

Deal Values

buy # Total
< $100M 1 $24M
TOTAL $24M
Largest Novatel Wireless - Telematics business
$24M (2016-02-18)
sell # Total
< $100M 1 $5M
TOTAL $5M
Largest Enertec Systems Ltd.
$5M (2018-01-02)

M&A Connections

Deals
Acquired from
Strategic(s)
100%
1 (100%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Technology Hardware

Revenue

146   161% 2022
56   5500% 2021
1   2020
14   23% 2018
18   39% 2017
13   46% 2016
24   30% 2015
34   4% 2014
36   101% 2013
18   2012
(millions of USD) Show More Show Less

Employees

797

Established

2002

Public

TIOG

Former Name

MICT, Inc. (Micronet Enertec Technologies, Inc. (Lapis Technologies, Inc.))

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