Intellitec

Scorpion Automotive has completed the acquisition of Intellitec, a specialist in electronic systems for the vehicle market, particularly the blue light sector. This strategic move aims to accelerate Scorpion's growth in vehicle security and fleet technology solutions, expanding its capabilities and market reach.

Summary of transaction details:

• Value: Not Disclosed
• Sector: Automotive Technology / Vehicle Electronics
• Advisor: KBS Corporate (Financial Advisor), K3 Law (Legal Advisor)
• Key Entities: Target: Intellitec; Acquirer: Scorpion Automotive
• Location: Intellitec (Wirral, UK); Scorpion Automotive (Chorley, UK)

Note: This acquisition enables Scorpion Automotive to enhance its product offerings and market penetration within the B2B vehicle technology sector, leveraging Intellitec's strong reputation and specialized expertise in electronic systems.