Vodafone to buy Italy's Cobra Automotive

AFP - [email protected]
Vodafone to buy Italy's Cobra Automotive
The UK's Vodafone is planning to buy Italy's Cobra Automotive Technologies. Photo: Justin Tallis/AFP

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.


Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also