M&A Deal Summary

Clever Devices Acquires M.A.I.O.R. srl

On June 14, 2017, Clever Devices acquired information technology company M.A.I.O.R. srl

Acquisition Highlights
  • This is Clever Devices’ 1st transaction in the Information Technology sector.
  • This is Clever Devices’ 1st transaction in Italy.

M&A Deal Summary

Date 2017-06-14
Target M.A.I.O.R. srl
Sector Information Technology
Buyer(s) Clever Devices
Deal Type Add-on Acquisition

Target

M.A.I.O.R. srl

Florence, Italy
M.A.I.O.R. srl (Management Artificial Intelligence Operations Research) is a designer and developer of technology solutions for various modes of public transportation. M.A.I.O.R. srl was founded in 1989 and is based in Florence, Italy.

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Buyer(S) 1

Buyer

Clever Devices

Woodbury, New York, United States

Category Company
Founded 1988
Sector Information Technology
DESCRIPTION

Clever Devices is a developer of technology solutions for all modes of transit. Clever Devices product line includes highly innovative, state-of-the-art technologies such as CAD/AVL, AVM, BusTime, AVA, APC, TurnWarning, Infotainment and Business Intelligence tools. Clever Devices was founded in 1988 and is based in Woodbury, New York.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Italy M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-19 RSM Services

Houston, Texas, United States

RSM Services Corp. is a developer of Ridecheck Plus software, and a provider of transit ridership reporting software. RSM Services Corp. was founded in 1987 and is based in Houston, Texas.

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