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Telstra wins big with IoT acquisition
Telstra has acquired an internet of things (IoT) company, which provides GPS telematics and fleet management technology to customers in Australia and globally across a variety of industries.
Emma Musgrave
Firms: Herbert Smith Freehills (MTData); Gilbert + Tobin (Telstra)
Value: Undisclosed
Area: M&A
Key players: The Herbert Smith Freehills team was led by partner Nick Baker and included senior associate Kam Jamshidi and solicitors Andrew Frawley and Robert Prosser.
Deal significance: MTData is an internet of things (IoT) company, which provides GPS telematics and fleet management technology to customers in Australia and globally across a variety of industries, from transport and logistics to forestry and agriculture.
The company creates solutions that help customers to improve fleet productivity and efficiency through technology.
According to a statement from Herbert Smith Freehills, this transaction will see MTData form a key pillar of Telstra’s connected vehicle offering.
“It is always satisfying to help entrepreneurs realise an exit and transition their company to new ownership,” lead partner Nick Baker said.
“MTData’s strong synergies with Telstra, both in terms of technology and culture, augers well for a successful partnership and we look forward to seeing its continued growth.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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