UK - Dunedin exits Trafficlink in £16.5m deal
Dunedin has sold Trafficlink, a distributor of traffic and travel data to ITIS Holdings Plc for £16.5m. The deal has generated a money multiple of 3x on Dunedin's seven year investment. Trafficlink's information reaches 42 million people each week with real time journey information across all modes of transport through broadcasts, business and government including the Highways Agency. The sale is structured as an earn-out with £10.5m paid at completion and up to £6m deferred linked to performance.
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