Targa Telematics finalizes the closing of the acquisition of Viasat Group

Targa Telematics Spa – a tech-company specialized in the development of IoT solutions and digital platforms for connected mobility – has announced the closing of the acquisition of 100% share capital of Viasat Group Spa (“Viasat Group”). The operation has been finalized – as previously communicated in the press release on the 27th of February 2023 – following the approval from the Antitrust Authority in Italy and in Spain and the authorization by Golden Power in Italy. This acquisition marks the creation of one of the main global players in the field of 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, the UK, Belgium, Poland, and Romania, on top of which a company in Chile as well.