1 June 2011

Targa Infomobility and UbiEst create the new hub for infomobility

Elda Engineering Group announces an internal reorganization through the acquisition by UbiEst SpA of 100% stake in the company Targa Infomobility SpA . The operation implies the merger of the operational structures of the two companies, one, UbiEst, a leading developer of location-based services and the second, Targa Infomobility (based in Turin) operating in the market of services for vehicle fleets, infomobility and assistance.

The new entity will face its relevant markets with a much wider and more innovative offering for business and consumer needs, as well as exploit strategic, technical and commercial synergies.
In particular, UbiEst’s technologies and know-how focused on the field of web and mobile applications will enhance Targa Infomobility’s new services for the automotive market.
The two companies will pursue common objectives through the implementation of a single plan, while retaining their brands and will benefit by a "merger operation" involving assets, organization, roles, capacities, and by adopting tools and processes of a unified value chain.

The executive boards of the two companies are equalized with the arrival of Nicola De Mattia and Alberto Falcione into the Board of Directors of Targa Infomobility and Massimiliano Balbo di Vinadio into UbiEst’s.

"The new entity will feature greater scale and capabilities to better compete in the global mobility market , thanks to the combination of UbiEst’s technical expertise in software development and Targa Infomobility’s solid relationships with partners and customers and a widespread sales and assistance network "said Adriano Scardellato , President of Elda Engineering Group.

http://www.targaubiest.com

http://www.targainfomobility.com

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