Vodafone completes acquisition of Cobra Automotive Technologies S.P.A.
Vodafone has today extended its voluntary tender offer for the entire issued share capital of Cobra Automotive Technologies S.p.A (“Cobra”) by five trading days.
Cobra shareholders will now have until 5.30pm, CET, on 1 August 2014 to tender their shares for sale. The Settlement Date will fall on 8 August 2014. All other terms and conditions of the Offer remain unchanged.
Note to Editors
Cobra Automotive Technologies S.p.A operates in two main sectors. The first relates to the design, development, manufacture and marketing of electronic systems that includes components and burglar alarm systems as well as assistance to low-speed manoeuvres systems.
The second is focussed on the design and provision of services based on geo-location of vehicles to aid the location and recovery of stolen vehicles. This also includes smart insurance services for insurers and the management of vehicle fleets.
Vodafone is one of the world’s largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone has mobile operations in 26 countries, partners with mobile networks in 52 more, and fixed broadband operations in 17 markets. As of 30 June 2014, Vodafone had 436 million mobile customers and 9 million fixed broadband customers. For more information, please visit: www.vodafone.com
About Vodafone Machine-to-Machine (M2M)
Vodafone Machine-to-Machine (M2M) connects previously isolated machines or devices to the internet, delivering new functionality and enhanced services without the need for human intervention. Supported by more than 250 dedicated employees, Vodafone’s global M2M platform makes it easy for global businesses to manage centrally M2M deployments across multiple territories, with greater control and at a lower cost than previously possible. For more information, please visit: https://m2m.vodafone.com/home