M&A Deal Summary |
|
|---|---|
| Date | 2019-12-04 |
| Target | Nebula Systems |
| Sector | Internet Software and Services |
| Buyer(s) | Octo Telematics |
| Sellers(s) | RAC |
| Deal Type | Divestiture |
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Octo is a provider car insurance telematics services as well as pioneering applications in motor rental and fleet management, car manufacturing, government sectors and a fast growing range of specialist applications.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Internet Software and Services M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: United Kingdom M&A | 1 of 1 |
| Year: 2019 M&A | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1897 |
| Sector | Consumer Services |
| Employees | 3,500 |
| Revenue | 498M GBP (2014) |
RAC is an motoring organization offers roadside assistance to around 8.6 million members if their vehicles suffer a mechanical failure, fixing 80% of issues at the roadside. If the issue can’t be resolved then members will be offered a tow to a destination of the member’s choice. RAC is also an insurance broker, offering car, home, motorcycle and van and other specialist insurance using a panel of third-party underwriters to roadside members and non-members. RAC was founded in 1897 and is based in Walsall, United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Internet Software and Services M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: United Kingdom M&A | 1 of 1 |
| Year: 2019 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-03-02 |
Nebula Systems
Buckingham, United Kingdom Nebula Systems Ltd. is a developer of secure, cloud-based, vehicle data analytics platform that accesses the vast and unexploited data generated by modern vehicles. |
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