Industry News

TMCNet:  Vector Capital wraps up USD145m takeover of Trafficmaster

[July 30, 2010]

Vector Capital wraps up USD145m takeover of Trafficmaster

(M&A Navigator Via Acquire Media NewsEdge) Private equity company Vector Capital said Thursday it had closed the USD145m (EUR111m) takeover of UK-based Trafficmaster Limited, a provider of intelligent vehicle services.

According to Trafficmaster's CEO Tony Eales, as a private firm Trafficmaster will "be in a better position to take advantage of the many opportunities in its core markets". It will also be able to back its footprint in the field of telematics and fleet management.


The solutions of Trafficmaster Limited, former Trafficmaster Plc (LON:TFC), include fleet tracking and fleet management, as well as traffic, stolen vehicle tracking and navigation. It generates 70% of its sales in USA.

Country: ; USA; UK Sector: Business and Consumer Services; Motor Vehicles Target: Trafficmaster Limited Buyer: Vector Capital LLC Deal size in USD: 145m Type: LBO; P2P Status: Closed ((Comments on this story may be sent to tww.feedback@m2.com)) (c) 2010 M2 COMMUNICATIONS

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