Cirio advised TagMaster on aquisition of Citilog SAS, France

Cirio has advised TagMaster (publ), on the acquisition of all the outstanding shares in Citilog SAS in France. Both TagMaster and Citilog are leading technology providers in the intelligent transportation solutions (ITS) sector, selling products directly, and through channel partners, to end users such as authorities and road operators.

The acquisition provides both companies with an enhanced capacity for creating future products and data solutions in the US and Europe, as well as a platform for future business models as selling detection as a service (DaaS).

The acquisition is an all-cash transaction and will be funded through a combination of new debt facilities and cash at hand.

Cirio, which assisted in connection with both the acquisition and the financing of the transaction, assisted with a team consisting of Anders Moberg (M&A), Dennis Luttropp Hansson and Alexandra Linusson (Banking & Finance).