Investcorp Acquires a Majority Stake in Arvento Mobile Systems (CEE and CIS)

Source: Investcorp

Investcorp, a provider and manager of alternative investment products, has agreed to acquire a majority stake in Turkey-based telematics company Arvento Mobile Systems. The company designs, develops and sells its own range of hardware products and software applications. Investcorp intends to diversify the company’s offerings and support its expansion into new markets. Financial details of the transaction, which is subject to approval by the Turkish Competition Authority, were not disclosed.