![]() With the transaction successfully executed, OCTO will further strengthen the quality and independence of its Board of Directors. ![]() ![]() OCTO management team will continue to provide innovation and outstanding telematics solutions and services to our customers, partners and consumers.” Sbianchi commented: “I am really excited to have substantially increased my commitment to OCTO, the company I founded in 2002. 22, 2023 (GLOBE NEWSWIRE) - Following the approval by the Italian Presidency of the Council of Ministers, Tennine AG, a newly formed Swiss-based company representing a group of European investors headed by OCTO Founder Fabio Sbianchi, has successfully finalized the acquisition of 48.55% of the OCTO Group shares previously owned by Nes Investments.įabio Sbianchi now owns, directly or indirectly through Tennine AG and his previous investments, a combined stake of 23.5% in Octo Telematics. Sbianchi appointed Chairman of OCTO Group with Independent Directors Paul Cronheim, Massimo Michaud and Edmondo Pietranera joining the Board of Directors. ![]() A group of investors led by OCTO founder Fabio Sbianchi acquires the entire stake of Nes Investments. ![]()
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