About the Client
Founded in 2000 and based in Madrid, Spain, Grupo Detector is a leading provider of Connected Car, Telematics and IoT solutions to both blue chip clients and consumers across the Iberian Peninsula.
About the deal
GP Bullhound acted as the exclusive financial advisor to Grupo Detector on its sale to Viasat Group. This is GP Bullhound’s 15th transaction in 2018 and a further testament to the firm’s expertise in the Transport Tech sector. It also underlines GP Bullhound’s momentum in Spain, following recent transactions completed for clients such as Paradigma Digital (sold to Indra) and The Cocktail (sold to Wunderman, part of WPP).
Javier Benjumea, CEO at Grupo Detector, commented: “We are incredibly pleased by the outcome of this transaction, and look forward to teaming up with Viasat Group to continue delivering world-class solutions and results to our clients. GP Bullhound was selected in this deal because of their global network and deep understanding of our sector which proved invaluable in delivering the best possible outcome for all parties”.
Sven Raeymaekers, Partner at GP Bullhound, commented: “It has been a pleasure to work with Grupo Detector and its owners on this transaction, and help them find the right partner for the next phase of growth”.