M&A Deal Summary

Telenav Acquires skobbler

On January 30, 2014, Telenav acquired software company skobbler for 19M USD

Acquisition Highlights
  • This is Telenav’s 1st transaction in the Software sector.
  • This is Telenav’s largest (disclosed) transaction.
  • This is Telenav’s 1st transaction in Germany.

M&A Deal Summary

Date 2014-01-30
Target skobbler
Sector Software
Buyer(s) Telenav
Deal Type Add-on Acquisition
Deal Value 19M USD
Advisor(s) Parklane Capital (Financial)

Target

skobbler

Berlin, Germany
website
skobbler GmbH, the European-based navigation company with the highest rated OpenStreetMap (OSM)-based GPS navigation apps in the world.

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Buyer(S) 1

Buyer

Telenav

Santa Clara, California, United States

website


Category Company
Founded 1999
Sector Internet Software and Services
Employees784
Revenue 221M USD (2019)
DESCRIPTION

Telenav is a provider of location-based products and services for connected cars and advertising. Telenav utilizes its connected car platform and its advertising platform to deliver its products and services. Telenav's connected car platform allows it to deliver enhanced location-based navigation services to automobile manufacturers and tier-one suppliers, or tier ones. Telenav was founded in 1999 and is based in Santa Clara, California.


DEAL STATS #
Overall 3 of 3
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (Germany) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-14 Telenav - Enterprise Business Unit

United States

Telenav - Enterprise Business Unit comprises a mobile business, that tracks the location of mobile workers in field based businesses. The enterprise division being acquired has approximately 8,000 business clients, and a marketing relationship with AT&T, Sprint and Verizon. The division’s flagship product line is a set of mobile handset applications (compatible with both Apple and Android) that provide mobile workforces with tracking and other productivity tools.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-08 ThinkNear

Los Angeles, California, United States

ThinkNear, Inc. is a location-based mobile marketing platform that connects people and brands in the moments that matter. It drives accuracy and performance for mobile marketers through large-scale, high-quality data applied with a human touch. With full-service and self-service solutions, it offers insightful planning, targeting, optimization, and measurement capabilities for businesses and brands of all sizes.

Sell -