In what may represent further consolidation in the telematics field, along with its potential coupled with the demand for capital, Lytx has announced a deal to be acquired by Chicago-based private equity firm GTCR. The deal, expected to close in the first quarter, is an all-cash transaction of more than $500 million. Lytx offers a […]
The post Private Equity Firm Acquires Telematics Provider Lytx® for $500 Million appeared first on Fleet News Daily.
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