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Modaxo And Cittati Announce Acquisition Of Auttran In Brazil

Jun 02, 2022•about 3 years ago

Acquiring Company

Modaxo

Acquired Company

Auttran

Lending And InvestmentsMobileFinancial ServicesMedia And EntertainmentMobileSoftware

Description

Modaxo Inc. (“Modaxo”), a global technology organization focused on moving the world’s people, along with its company Cittati, today announced the acquisition of Auttran, a charter and mobility solutions company based in Brazil.

Company Information

Company

Modaxo

About

Modaxo is a global technology organization passionate about moving the world’s people. Working both together and independently, our collective of businesses are committed to delivering software and technology solutions that help connect people with the places they need to go for work, family, and everyday life. Learn more at Modaxo.com. Contact Information:Kim Emmerson, CMOModaxoTel: +1 416 473 6302kim.emmerson@modaxo.com

Company

Cittati

About

Cittati is a company that works creatively and restlessly to offer the best solutions for urban mobility, impacting the daily lives of millions of people who use a bus. Market leader in fleet management in public transport, monitoring more than 30,000 buses in 135 cities. Learn more at cittati.com.br

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed