Italy's Octo Telematics looks for a buyer - source

Newswire

MILAN, March 27 (Reuters) - Octo Telematics, an Italy-based company that makes vehicle recording devices for the auto insurance market, is looking for a buyer and will send information to potential bidders in the second part of April, a person close to the matter said. "The bigger private equity funds are interested because it's a company that is doing well in a high-growth sector," said the source who requested anonymity. Octo Telematics, present in 26 ...

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