Porsche SE to Take a 10% Stake in INRIX

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3Q 2014 | IN-1020395

The Investment Values INRIX at US$550 Million

NEWS


Real-time traffic information and connected car analytics vendor INRIX recently announced a US$55 million investment by Porsche Automobil Holding SE, which has a controlling interest in the Volkswagen Group, hereby acquiring a 10% stake in INRIX, and implicitly valuing INRIX at around US$550 million. The VW group includes brands such as Volkswagen Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania, and MAN. It will be interesting to see how this ownership relationship with Porsche SE will affect INRIX’s commercial partnerships with other car manufacturers, with BMW as a fierce competitor of VW’s Audi brand in the luxury segment springing to mind first.

Beyond Traffic Information: ITS and Smart Cities

IMPACT


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