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.”