Targa Telematics Spa has signed an agreement for the acquisition of 100% share capital of Viasat Group Spa (Viasat Group).

The completion of the transaction is contingent upon satisfying several standard conditions set by Golden Power in Italy and Spain, as well as obtaining approval from the Antitrust Authority. This transaction will result in the formation of a major global player in the IoT industry and the development of connected mobility solutions and digital services. It will be present in eight key European countries: Italy, Portugal, Spain, France, the UK, Belgium, Poland, and Romania, on top of which a company in Chile as well.