Arvato Financial Solutions Acquires Stake in Nexxiot AG
February 16, 2022
Arvato Financial Solutions, a Bertelsmann subsidiary, has acquired a minority stake in Swiss TradeTech and IoT logistics company Nexxiot AG. The strategic investment will integrate Nexxiot's sensor, telematics and cloud analytics capabilities with Arvato's financial services and systems to advance cargo transparency and supply-chain optimization under a 'Know Your Cargo' initiative.
- Buyers
- Arvato Financial Solutions
- Targets
- Nexxiot AG
- Industry
- Logistics & Distribution
- Location
- Zurich, Switzerland
- Transaction Type
- Growth capital
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