2023-04-17 07:02:24 ET
- Vontier ( NYSE: VNT ) notifies on Monday the sale of its Global Traffic Technologies, LLC business to Miovision for $107M, representing a transaction value of approximately 10X 2022 EBITDA.
- The deal closed on April 14, 2023.
- Global Traffic Technologies is a leading provider of intelligent traffic management systems and solutions, headquartered in St. Paul, MN.
- GTT business will be included in Vontier’s financials for the full quarter ending March 31, 2023 and will be excluded from continuing operations as of the completion date.
For further details see:
Vontier divests Global Traffic Technologies for $107M