Allen & Overy has advised Eurowag on its acquisition of WebEye Telematics. Satori, Lutter and Partners advised the seller.
Closing is expected in the first quarter of 2022, pending regulatory approval and merger clearance.
Founded in 1995, Eurowag is a pan-European integrated payment and mobility platform focused on the commercial road transportation industry.
WebEye is a Hungarian-owned company providing fleet management solutions in 12 countries through local support.
"I am pleased to announce the acquisition of WebEye in line with the strategy we set out at the time of our recent IPO and further expanding our payments and mobility platform," Eurowag CEO Martin Vohanka commented. "With integrated services, we aim to reduce the impact of our industry on the environment. The solutions allow to reduce the ratio of trips with an empty load and improve road safety, as the fleet operators can have a thorough overview of the conditions of their vehicles."
"Joining forces with Eurowag opens doors to new markets and offers our customers access to a wide range of services and solutions for their businesses to thrive," WebEye CEO Pal Nemeth added. "Eurowag’s integrated digital platform helps transport operators make their business more efficient and more profitable while making the lives of truck drivers easier."
The Allen & Overy team was led by Senior Associate Jakub Cech and included Managing Partner Prokop Verner, Counsels Balazs Sahin-Toth and Roxana Ionescu, Senior Associate Attila Komives, and Junior Lawyer Tereza Veverkova.
The Satori, Lutter and Partners team consisted of Managing Partner Anna Satori and Partners Tunde Nemeth and Istvan Gurtl.