SPAIN/ITALY - Adara acquires transport solutions company Logos
Adara-backed Ecutronic has acquired Italian intelligent transport solutions company Logos, CZ and Data Laser.
This is the company's first international acquisition and will provide it with R&D and intellectual property assets necessary to develop the next generation ITS services as well as with the initial platform to launch the internationalization strategy.
Malaga-based Ecutronic Technologies specialises in the development of technology applications for the automobile sector and reported a turnover of EUR 3.7m in 2007.
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