Telit Automotive Solutions NV

www.telit.com

High-Tech Company

Acquired by TUS International

TECH VERTICALS

Automotive, Wireless Infrastructure

General Data

DESCRIPTION

Telit Automotive Solutions is a supplier to Automotive OEM.

TECHNOLOGY

Telit Automotive Solutions

	TARGET MARKETS
	Automotive OEM

	BUSINESS MODEL
	B2B

REMARKS

Date	Remark
04/03/2019	Telit Automotive Solutions NV was a Belgium-based automotive unit of Telit Communications, sold to TUS International for $105m in Mar 2019

CONTACT INFO

Expand / Collapse All

Main Address: Leuven, Belgium

Mergers & Acquisitions

Round

Date

Stage

Amount

Valuation

Acquired

Mar. 04, 2019

Initial Revenues

abCDe

The $105 million deal includes a $67.5 million cash transaction as well as a short-term vendor loan of $38.5 million, to be paid within six weeks

* New investor

Investor	Type	Amount	Remarks
abC Defghij*	High-Tech Company	abCDe	The $105 million deal includes a $67.5 million cash transaction as well as a short-term vendor loan of $38.5 million, to be paid within six weeks

Last Updated:	abCDe
IVC Number:	abCDe