Herbert Smith Freehills has advised the founders of internet of things (IoT) company, MTData on its sale to Telstra.
MTData provides innovative 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. Founded in 2003, it was recognised in Deloitte’s Technology Fast 50 List for three consecutive years between 2009 and 2011.
The acquisition by Telstra will allow MTData to provide connected vehicles, asset tracking and location insights, in the utilities, agriculture and resources industries, Bellizia said.
MTData will now form a key pillar of Telstra’s Connected Vehicle offering.
The Herbert Smith Freehills team was led by partner e(picture) and included senior associate Kam Jamshidi and solicitors Andrew Frawley and Robert Prosser.
EY provided financial and tax advice to the MTData founders.
Gilbert + Tobin advised Telstra.
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