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M&A Deal Summary

Cambridge Mobile Telematics Acquires Amodo

On March 1, 2023, Cambridge Mobile Telematics acquired information technology company Amodo

Acquisition Highlights
  • This is Cambridge Mobile Telematics’ 2nd transaction in the Information Technology sector.
  • This is Cambridge Mobile Telematics’ 1st transaction in Croatia.

M&A Deal Summary
Date 2023-03-01
Target Amodo
Sector Information Technology
Buyer(s) Cambridge Mobile Telematics
Deal Type Add-on Acquisition

Target

Amodo

Zagreb, Croatia
Amodo is a telematics company. Amodo Connected Insurance Platform enables insurers to create and brokers to place personalized usage-based insurance (UBI) products on the market. Amodo’s clients use its platform to gain strategic insights into customers' profiles, segment them into relevant groups, and acquire profitable ones. Amodo was founded in 2013 and is based in Zagreb, Croatia.

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Buyer(S) 1

Buyer

Cambridge Mobile Telematics

Cambridge, Massachusetts, United States
Category Company
Sector Communications
DESCRIPTION

Cambridge Mobile Telematics is a provider of mobile telematics provider, powering over 70 enterprise programs in 25 countries. CMT’s headquarters are in Cambridge, with offices in Seattle, Tokyo, Chennai, and London.

DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Croatia M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 TrueMotion

Boston, Massachusetts, United States

TrueMotion is a provider of smartphone driving data platform. Powered by machine learning, the platform determines when a person is driving, reveals their behaviors behind the wheel, and detects crashes. Insurers, automakers, app developers, telcos, and fleets use TrueMotion data to fuel their pricing, claims, safety, acquisition, and retention programs. TrueMotion was founded in 2012 and is based in Boston, Massachusetts.

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