M&A Deal Summary

Renova Group of Companies Acquires Octo Telematics

On April 14, 2014, Renova Group of Companies acquired information technology company Octo Telematics

Acquisition Highlights
  • This is Renova Group of Companies’ 1st transaction in the Information Technology sector.
  • This is Renova Group of Companies’ 1st transaction in Italy.

M&A Deal Summary
Date 2014-04-14
Target Octo Telematics
Sector Information Technology
Buyer(s) Renova Group of Companies
Deal Type Add-on Acquisition

Target

Octo Telematics

Rome, Italy
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.

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Buyer(S) 1

Buyer

Renova Group of Companies

Moscow, Russia
Category Company
Founded 1990
Sector Financial Services
DESCRIPTION

Renova Group of companies integrates direct investment funds and portfolio investment funds, as well as companies that own and manage industrial and financial assets in various sectors of economy.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Italy) 1 of 1
Year (2014) 1 of 1
Mergr

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