Octo Telematics to Provide Commercial Fleet Telematics to Mexico Auto Insurer

Article 0 Comments Octo Telematics, the Rome-based provider of telematics and data analytics solutions for the auto insurance industry, has partnered with Qualitas, Mexico’s largest auto insurer with operations throughout Mexico, Latin America and the United States. Qualitas, which has more than 4 million insured vehicles, will work with Octo […]

Octo Telematics’ Execs to Buy 20% of Russian Shareholder Stake, Paving Way for IPO

Article 0 Comments Italy’s Octo Telematics announced that its chairman and chief executive have signed a binding agreement to purchase 20 percent of Octo’s shares from Russian company Renova Holdings. This share purchase will reduce Renova’s shareholding in the company to 48.55 percent, thereby paving the way for Rome-headquartered Octo […]

Octo Telematics’ IPO Delayed After Sanctions Hit Russian Shareholder: Sources

Article 0 Comments Italy’s Octo Telematics has put a planned initial public offering on hold after sanctions were imposed on controlling shareholder Renova Holdings and on Renova’s Russian chairman, Viktor Vekselberg, two sources said on Thursday. The United States imposed major sanctions last week against Vekselberg and other oligarchs close […]