Targa Telematics Spa, a tech-company developing Internet of Things (IoT) solutions and digital platforms for connected mobility, has reportedly closed the acquisition of 100% share capital of Viasat Group Spa.
The operation has been finalised following the approval from the Antitrust Authority in Italy and in Spain and the authorisation by Golden Power in Italy.
This acquisition aims to create a global player in IoT and for the development of solutions and digital services for connected mobility. It will be present in eight key European countries: Italy, Portugal, Spain, France, UK, Belgium, Poland, and Romania, with a company in Chile as well.
Targa Telematics says it strengthens its position in the Italian market and accelerates its expansion in Europe, bringing its technologies directly to the market to cater to projects at a continental level and beyond.
Amongst these international projects, Targa Telematics will be able to leverage a strong dedicated local support in different countries to serve its clients at its best, which mostly include multinational groups active in the mobility field, as well as in other sectors of the market.
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