LONDON – Dec. 6, 2024 – Greenberg Traurig, LLP has advised Inseego Corp., a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and SMBs, on the completion of the sale of its global telematics business for US$52 million in an all-cash transaction to Ctrack Holdings, a portfolio company of Convergence Partners.
The transaction involves the divestiture of Inseego’s telematics business that operates across the United Kingdom, the European Union, Australia, and New Zealand.
The Greenberg Traurig team was led by Sarah Moyles, a shareholder in the Corporate Practice in London, with support from Associate Justin Hool and Trainee Solicitor Filippo Macchi di Cellere. Tax Shareholder Sophie Allen and Associate Hazleen Zakaria advised on the tax aspects of the transaction.
Jason T. Simon, a shareholder in Greenberg Traurig’s Northern Virginia office, who has led the relationship with Inseego Corp. for many years, said, “Greenberg Traurig was honored to represent Inseego in relation to this strategic sale of its telematics business. Congratulations to Sarah and the London team for their technical excellence and hard work on this deal, which allows Inseego to focus on its core 5G businesses.”
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 48 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2024 BTI “Leading Edge Law Firm” for delivering on client expectations for the future and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.
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