Vodafone to buy Italy's Cobra Automotive
AFP - [email protected] •
16 Jun, 2014
Updated Mon 16 Jun 2014 09:33 CEST
British mobile phone giant Vodafone said on Monday it planned to buy Italian firm Cobra Automotive Technologies for €145 million ($196 million).
Vodafone said in a statement that it will launch an offer of €1.49 per share in cash in the coming weeks, valuing the group at the equivalent of £115 million (€144 million).
Cobra Automotive, which is based in Italy and listed on the Milan stock exchange, provides vehicle manufacturers, dealerships and customers with a range of products and services, including telematics, usage-based insurance, and vehicle tracking.
It has operations in Brazil, Britain, China, France, Germany, Italy, Japan, South Korea, Spain and Switzerland.
See Also
Vodafone said in a statement that it will launch an offer of €1.49 per share in cash in the coming weeks, valuing the group at the equivalent of £115 million (€144 million).
Cobra Automotive, which is based in Italy and listed on the Milan stock exchange, provides vehicle manufacturers, dealerships and customers with a range of products and services, including telematics, usage-based insurance, and vehicle tracking.
It has operations in Brazil, Britain, China, France, Germany, Italy, Japan, South Korea, Spain and Switzerland.
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.