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M&A Deal Summary

Truphone Acquires CoSwitched

On December 22, 2015, Truphone acquired internet software and services company CoSwitched

Acquisition Highlights
  • This is Truphone’s 1st transaction in the Internet Software and Services sector.
  • This is Truphone’s 1st transaction in Portugal.

M&A Deal Summary
Date 2015-12-22
Target CoSwitched
Sector Internet Software and Services
Buyer(s) Truphone
Deal Type Add-on Acquisition

Target

CoSwitched

Lisboa, Portugal
CoSwitched is an Internet of Things specialist start-up providing a management platform for connected machines, such as connected cars, asset trackers or smart meters. CoSwitched was established in 2014 and is based in Lisboa, Portugal.

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Buyer(S) 1

Buyer

Truphone

London, United Kingdom
Category Company
Founded 2000
Sector Communications
DESCRIPTION

Truphone Ltd. is a global network and patented SIM technology powers connectivity on the move. The organisation developing and delivering game-changing products and services: the eSIM for all new Apple iPads available in 31 countries by the end of 2017; IoT solutions that already power connected cars; and global mobile call recording solutions that enable trading compliance for financial institutions.

DEAL STATS #
Overall 1 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Portugal M&A 1 of 1
Year: 2015 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 Cellnetrix

Hamburg, Germany

Cellnetrix GmbH is a provider of an innovative secure embedded products. Cellnetrix was founded in 2006 and is based in Hamburg, Germany.

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