Cambridge Mobile Telematics Acquires TrueMotion
June 17, 2021
Cambridge Mobile Telematics (CMT) has acquired TrueMotion, a leading mobile telematics provider, in a deal that combines the two largest smartphone-based telematics platforms to accelerate product innovation and scale. The combined company will expand CMT’s reach across insurers, fleets, automakers and mobility customers globally and strengthen capabilities in AI-driven driving risk measurement and real-time crash detection.
- Buyers
- Cambridge Mobile Telematics
- Targets
- TrueMotion
- Industry
- Data & Analytics
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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