Arma Partners is pleased to announce that, together with its Turkish affiliate Alpacar Associates, it acted as financial advisor in respect of the sale of Mobiliz, a portfolio company of Mediterra Capital, to GPS Bulgaria.

Headquartered in Turkey, Mobiliz offers telematics solutions for vehicle tracking, mobile video recording and camera tracking. Its solutions are used by more than 15,000 customers. Mobiliz’s platform is capable of handling 500,000 units and generates more than 300 million new anonymous data points every month.

This transaction positions GPS Bulgaria as a regional leader in telematics in Central Eastern Europe with more than 400,000 installed units. GPS Bulgaria will also benefit from Mobiliz’s established development team, which will serve as GPS Bulgaria’s regional hub for R&D activities.

Despite the disruption caused by these uncertain times, Arma Partners is focused on continuing to deliver optimal outcomes for its clients against a background of economic uncertainty, whilst at the same time taking all reasonable steps to ensure the health and safety of its clients, employees, their families and those around them. This transaction underscores Arma Partners’ long-standing track record of advising companies on cross-border deals and its deep sector expertise in IoT and fleet telematics technology.