M&A Deal Summary

Karma Automotive Acquires Airbiquity - Technology Assets & IP

On February 27, 2024, Karma Automotive acquired software company Airbiquity - Technology Assets & IP from Airbiquity

Acquisition Highlights
  • This is Karma Automotive’s 1st transaction in the Software sector.
  • This is Karma Automotive’s 1st transaction in the United States.
  • This is Karma Automotive’s 1st transaction in Washington.

M&A Deal Summary
Date 2024-02-27
Target Airbiquity - Technology Assets & IP
Sector Software
Buyer(s) Karma Automotive
Sellers(s) Airbiquity
Deal Type Divestiture

Target

Airbiquity - Technology Assets & IP

Seattle, Washington, United States
Airbiquity's Technology Assets & IP provides software development tools and analytics.

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Buyer(S) 1

Buyer

Karma Automotive

Irvine, California, United States
Category Company
Founded 2014
Sector Automotive
DESCRIPTION

Karma Automotive is an ultra-luxury vehicle company that engineers, designs and manufactures its electric and range extended electric vehicles in Southern California. Karma Automotive was founded in 2014 and is based in Irvine, California.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Airbiquity

Seattle, Washington, United States
Category Company
Founded 1997
Sector Software
DESCRIPTION

Airbiquity is a business-to-business software development and engineering company operating in the automotive telematics industry. Airbiquity was founded in 1997 and is based in Seattle, Washington.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

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