Deal Snapshot
OCTO TELEMATICS TO ENHANCE INSURANCE PRODUCT SUITE WITH ACQUISITION OF WILLIS TOWERS WATSON
Thursday 12 October 2017

UK-based telematics and data analytics solutions provider in the auto insurance industry Octo Telematics has agreed to acquire the usage-based insurance assets of London-based Willis Towers Watson, the company said.

The acquisition includes DriveAbility solution and the DriveAbility marketplace. Key Willis Towers Watson personnel will also join the Octo team. Following the transaction Octo will develop a strategic alliance with Willis Towers Watson on additional auto telematics opportunities to enhance both companies' suite of products and services.


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Details
Date Published: 12/10/2017
Target: Willis Towers Watson
Country: UK
Sector: Insurance
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Octo Telematics
Comment:
Terms of the deal were not disclosed

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