Targa Telematics has secured new investment from Investindustrial to accelerate its growth strategy.
The Italian business specialises in telematics, smart mobility and digital IoT platforms for mobility operators. It is a supplier to short and long-term vehicle rental companies, financial and insurance companies and large fleet managers such as construction companies and airport operators, offering software solutions ranging from insurance telematics to asset and fleet management to diagnostics and remote telemetry of vehicles.
Following the investment by Investindustrial, Targa Telematics said it will continue its growth path to strengthen its leadership position in Italy and become a leader in the smart mobility space, in the management of large fleets and in the insurtech sector at European and worldwilde level.
The transaction will also allow the company to further consolidate the existing partnerships with its long-standing customers and to create new client opportunities.
Nicola de Mattia (pictured), CEO of Targa Telematics, said: “Investindustrial is the perfect partner…
