Add-on Acquisition • Information Technology

GPS Bulgaria AD Acquires Mobiliz Bilgi ve İletisim Teknolojileri A.S.

On March 1, 2020, GPS Bulgaria AD acquired information technology company Mobiliz Bilgi ve İletisim Teknolojileri A.S. from Mediterra Capital

Acquisition Context
  • This is GPS Bulgaria AD’s 1st transaction in the Information Technology sector.
  • This is GPS Bulgaria AD’s 1st transaction in Turkey.

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M&A Deal Summary

Date March 1, 2020
Target Mobiliz Bilgi ve İletisim Teknolojileri A.S.
Sector Information Technology
Buyer(s) GPS Bulgaria AD
Sellers(s) Mediterra Capital
Deal Type Add-on Acquisition

Target Company

Mobiliz Bilgi ve İletisim Teknolojileri A.S.

Ankara, Turkey
Mobiliz Bilgi ve İletisim Teknolojileri A.S. is an expert in tracking systems with its reliable and lean service, fast and innovative service understanding that cares about the needs of its customers, creates added value in many areas of life with its systems that benefit every sector from energy to health, finance to construction, cold food chain to transportation, and strong sales and sales. adds value to brands with its after-service network. Mobiliz was formed in 2004 and is based in Ankara, Turkey.
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Buyer Overview 1

Buyer

GPS Bulgaria AD

Sofia, Bulgaria

Category Company
Founded 1998
Sector Communications
DESCRIPTION

GPS Bulgaria AD is a provider of technologically advanced GPS/GSM based solutions for fleet management, vehicle security, personal tracking, monitoring of ships and railway vehicles, as well as other specialized solutions. the company provides efficient and flexible solutions to help with the monitoring of corporate vehicles and control of their drivers in order to achieve a fast and radical reduction of corporate costs, increased productivity and improved efficiency of operations. GPS Bulgaria was formed in 1998 and is based in Sofia, Bulgaria.


Deal Context for Buyer #
Overall 1 of 1
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Turkey 1 of 1
Year: 2020 1 of 1

Seller Profile 1

SELLER

Mediterra Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 330M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Mediterra Capital is a private equity firm focused on small to mid-sized companies in Turkey. The Firm typically commits €15 to €60 million per transaction to support growth, generational transitions, management buy-outs and buy-ins, and share sales. Mediterra considers businesses valued between €25 and €200 million in the consumer, business services, export manufacturing, capital goods, and information technology industries. The Firm prefers control positions, or significant minority positions in partnership with management. Mediterra Capital is headquartered in St. Peter Port, United Kingdom.


Deal Context for Seller #
Overall 1 of 2
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 1 of 2
Country: Turkey 1 of 2
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-15 Terra Pizza

Istanbul, Turkey

Terra Pizza is a Turkish pizza restaurant chain. The company has a total of 59 restaurants in the Aegean Region alone, 38 of which are in Izmir. Terra Pizza was founded in 1995 and is based in Istanbul, Turkey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-12 PayCore

Istanbul, Turkey

PayCore provides innovative, end-to-end payment technology solutions to banking, telecom, payment service provider, personalization office, government, transportation, and retail sectors. Paycore, which has more than 30 awards locally and internationally in the areas of card software packages, digital payment solutions, smart city applications, EMV solutions, and secure hardware services, is a technology solution partner to more than 150 clients in over 35 countries. PayCore was formed in 2001 and is based in Istanbul, Turkey.

Buy -