Vontier agrees to sell majority stake in Teletrac Navman to Respida for $220 million

Vontier Corp

Vontier Corp

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  • Vontier agreed to sell majority stake in telematics and asset management unit Teletrac Navman to private equity firm Respida Capital, valuing business at USD 220 million.
  • Consideration includes USD 80 million cash, interest-bearing seller note, minority equity stake retained by Vontier.
  • Deal expected to close in late Q2; Teletrac results currently reported in Mobility Technologies segment, slated to be removed from continuing operations on completion.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vontier Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 202605070635BIZWIRE_USPR_____20260507_BW402847) on May 07, 2026, and is solely responsible for the information contained therein.