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  5. FairConnect Acquires DriveQuant

M&A Deal Summary

FairConnect Acquires DriveQuant

On November 4, 2020, FairConnect acquired information technology company DriveQuant

Acquisition Highlights
  • This is FairConnect’s 1st transaction in the Information Technology sector.
  • This is FairConnect’s 1st transaction in France.

M&A Deal Summary
Date 2020-11-04
Target DriveQuant
Sector Information Technology
Buyer(s) FairConnect
Deal Type Add-on Acquisition

Target

DriveQuant

Paris, France
DriveQuant develops universal services for driving data analysis based on physical models and mathematical tools. DriveQuant's main mission is to help drivers improve their driving in order to decrease road risk, reduce the environmental footprint of mobility and optimize the costs associated with the consumption and wear and tear of their vehicles. DriveQuant was formed in 2017 and is based in Paris, France.

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Buyer(S) 1

Buyer

FairConnect

Teramo, Italy
Category Company
Sector Business Services
DESCRIPTION

FairConnect is a provider of connected services to insurers that are transforming the insurance industry with usage-based premiums and value-added services. FairConnect is based in Teramo, Italy.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2020 M&A 1 of 1
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