M&A
Mapmyindia to acquire 76% in Gtropy for Rs.13.5 Cr
Publicly listed C.E. Info System Limited which runs mapping service Mapmyindia has acquired 75.98% equity shares of Delhi-based Gtropy Systems Private Limited for INR 13.5 crores. Gtropy is engaged in the businesses of IoT and Logistics Saas Tech. The acquisition will enable C.E. Info Systems Limited further expansion of loT and Saas solutions into the Commercial Vehicle Fleet and OE market by providing transporters and logistics companies with route optimization, vehicle tracking and telematics, trip management, ADAS for road safety, advanced navigation and expense management solutions.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
