Deals

Viasat Group acquires 60% of the Portuguese TRACKiT Consulting

Pan-European leader in telematics

Background

TrackIT specializes in the provision of services and devices for fleet tracking and monitoring

Deal Summary

The European telematics group Viasat Group announces that it has completed the acquisition of 60% of the shares of the Portuguese company TRACKiT Consulting, which specializes in several of the technological areas in which the new parent company operates. This acquisition strengthens Viasat’s presence in a geographic market that was previously covered through a greenfield approach with both technical and commercial characteristics.

Nash Advisory assisted Viasat Group management in the origination, negotiation and structuring of the transaction up to the closing.

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Giovanni Panigada

Nash Advisory

T: +39 3485637999