Acquisition: Moving Intelligence
The Corporate Finance team in the Midlands office, has advised Dutch-based Moving Intelligence on its acquisition of Phantom Tracking Systems in Stockport.
Moving Intelligence is the Dutch market leader in the field of vehicle and equipment security, trip logging and fleet management.
The purchase of Phantom Tracking Systems follows the acquisition earlier this year of PLT Software GmbH in Berlin.
Crowe's role and team
Crowe provided due diligence and transactional services with Andy Kay, Corporate Finance Partner, leading a team including Chasz Coulsting and Jason Daft.
Client quote
“We are very pleased to be able to acquire Phantom Ltd. The acquisition means that we are making a big step forward in expanding the boundaries of our market. The product range of Phantom Ltd, that distinguishes itself in the leisure vehicle market, is a welcome addition to our Dutch product range. Our automotive solutions are particularly suitable for integration into the UK market."
Patrick Horst, Chief Executive Officer, Moving Intelligence
