VARUL advises vehicle tracking and positioning system developer Navirec on selling its Estonian operation to GSMvalve 20 Dec
VARUL’s M&A team, led by senior associate Ramon Rask and associate Marion Sahtel advised vehicle tracking and positioning system developer Navirec in selling its Estonian operation to GSMvalve, a company active in the security services sector. The deal was closed on 1 December 2011. GSMvalve will continue offering vehicle tracking systems on the Estonian market under their brand and from now on Navirec’s eight employees will work for GSMvalve. Navirec has changed its name to Navirec Software and will continue developing software and exploring export markets.
Navirec is a cutting edge vehicle tracking system. It offers real-time vehicle tracking and vehicle history playback just by using mobile data communication, satellite positioning, access to the internet and a personal computer.
www.navirec.com
GSMvalve is the market leader in smart securities services offering innovative solutions for protecting your home, family and vehicles. After buying Navirec, GSMvalve has become the largest vehicle tracking and positioning provider in Estonia.
www.valve.ee
Related articles in the media:
Äripäev „Verine konkureerimine lõppes koostööga“ (in Estonian)
Äripäev „Jälgimissüsteemide arendajad jälgivad teineteist kiivalt“ (in Estonian)
www.navirec.com
GSMvalve is the market leader in smart securities services offering innovative solutions for protecting your home, family and vehicles. After buying Navirec, GSMvalve has become the largest vehicle tracking and positioning provider in Estonia.
www.valve.ee
Related articles in the media:
Äripäev „Verine konkureerimine lõppes koostööga“ (in Estonian)
Äripäev „Jälgimissüsteemide arendajad jälgivad teineteist kiivalt“ (in Estonian)
