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  5. CityFleet Networks Acquires Argyle Satellite

M&A Deal Summary

CityFleet Networks Acquires Argyle Satellite

On March 10, 2020, CityFleet Networks acquired transportation company Argyle Satellite for 7M GBP

Acquisition Highlights
  • This is CityFleet Networks’ 1st transaction in the Transportation sector.
  • This is CityFleet Networks’ 0th largest (disclosed) transaction.
  • This is CityFleet Networks’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2020-03-10
Target Argyle Satellite
Sector Transportation
Buyer(s) CityFleet Networks
Deal Type Add-on Acquisition
Deal Value 7M GBP

Target

Argyle Satellite

Wirral, United Kingdom
Argyle Satellite provides an around-the-clock on-demand transport service to the people of Wirral, completing in excess of three-million journeys each year that’s a journey every ten seconds; rain, hail or shine.

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Buyer(S) 1

Buyer

CityFleet Networks

London, United Kingdom
Category Company
Sector Transportation
DESCRIPTION

CityFleet Networks Ltd. owns and operates taxi, car and coach services throughout the UK, offering market-leading ground transport solutions, providing consolidated booking, despatch and billing to customers.

DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2020 M&A 1 of 1
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