Financial Advisor
Radius Payment Solutions Limited
M&A Advisory
Has Acquired
Transaction Details
- On May 21, 2021, Radius Payment Solutions Limited ( “Radius” or the “Company”) announced that it has completed the acquisition of Modus, a leading Insuretech business based in Huntington Beach, California
- Acquisition supports Radius’ efforts in its globally leading range of Telematics and Connected Vehicle products which includes the telematics brands Kinesis, UK Telematics, Plant-I, CanTrack, Modus, SureTrack, CyntrX, and Key Telematics
- Terms have not been disclosed
- Stephens Inc. served as exclusive financial advisor to Radius
About the company
Radius Telematics
Radius Telematics encompasses telematics brands Kinesis, UK Telematics, Plant-I, CanTrack, Modus, Sure-Track, CyntrX and Key Telematics. It now tracks nearly 425,000 vehicles globally. Developed from the outset as a cloud-based service, Radius Telematics represents a new generation of vehicle telematics; simple to use, affordable and with easy access anywhere. Designed as a business tool that provides complete visibility of mobile operations; Radius Telematics products monitor vehicles, high value assets and driver performance. Through a dashboard or smartphone app, solutions offer driver performance and vehicle check reporting, messaging and real-time alerts, as well as integration with fuel management and smart speakers.
Radius Telematics is part of Radius Payment Solutions. Established nearly thirty years ago, Radius offers a wide range of products to the fleet and logistics market. From a core offering of fuel cards, telematics, telecoms and insurance services and much more.
Sources: Company filings and press release
-
This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.
-
“Stephens” is the brand name for a family of independent privately held financial services firms, including Stephens Europe Limited, which is authorized and regulated by the Financial Conduct Authority (Registered office 12 Arthur Street, London, EC4R 9AB, Registered number 8817024) and Stephens Inc. which is regulated by the United States Securities and Exchange Commission and the Financial Industry Regulatory Authority (Home Office: 111 Center Street, Little Rock, AR USA, 501-377-2000). Stephens Inc. is a member of NYSE and SIPC. For more information, visit www.stephens.com. © 2021 Stephens