Vodafone has announced that it plans to acquire Italian company Cobra Automotive Technologies, which provides electronics services to the car industry, for €145m (£115m).
Vodafone has also entered into an agreement with the main Cobra Shareholders to effect certain matters including agreeing to tender their Cobra Shares into the Takeover Offer. The voluntary public takeover offer is part of Vodafone’s strategy to connect more everyday objects with the British mobile telecommunications company eager to develop its business in the so-called machine-to-machine…
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