Mapon Estonia and CarCops have completed the merger procedure on 27 June 2024. The changes in ownership are reflected in the Business Register. CarCops has already been operating as Mapon Estonia since June 1, 2024, but now the process is finalised from a legal perspective.
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Mapon announces fixing coupon rate for a floating-rate bond effective from 30 June 2024.
Mapon bonds with ISIN LV0000860161, coupon of 5% + 3-month EURIBOR, maturity on 8 March 2027, new coupon rate for period from 30 June 2024 until 29 September 2024 (including) is 8.698%. The coupon for this period will be paid on 30 September 2024.
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Mapon has acquired 100% of the fleet management solutions company Trackon Fleet Management UAB, which will be known as Mapon Lithuania from now on. This acquisition will strengthen Mapon's position in Lithuania and the overall Baltic market, as well as significantly expand the company's client portfolio.
Mapon expects that the combined turnover in the Lithuanian market will reach up to 1 million euros and that over 40,000 vehicles will use our fleet management solutions. Both Mapon and Trackon are committed to delivering high-quality services, ensuring efficient resource and fuel management, as well as improving road safety and promoting sustainable corporate governance.
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Mapon Estonia and CarCops have initiated a merger procedure that is expected to be finalized by the end of June 2024, whereas CarCops will operate as Mapon Estonia starting from 01.06.2024.
From an organizational point of view, both companies have been working as one team in a shared office space since mid-2023. This step is required to combine the teams from a legal perspective.
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info@mapon.com
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