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Shagrir Group Vehicle Services Ltd. acquires Trapilog’s tracking activity for up to NIS 20 million
Traffilog Ltd. has completed a transaction for the sale of its Stolen Vehicle Recovery (SVR) activity in Israel to Ambassador Group Auto Services Ltd. for up to NIS 20 million!
Traffilog’s SVR activity allows for the thwarting of vehicle theft and for stolen vehicle recovery. It relies on Traffilog’s advanced software and hardware which collect and analyze data from the vehicles on which they are installed alongside a dedicated 24/7 SVR service center.
Traffilog was represented by partner Eyal Wiesel and associate Alon Abramovich of our firm’s Corporate and M&A department, with the assistance of partner Lior Etgar, Head of our Privacy and Data Protection practice, partner Michal Rothschild and associate Shelly Wechselmann of our Antitrust and Competition department, and associate Matan Szatmary of our Labor Law and Employment department.
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