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private equity firm

Lytx Announces Majority Investment from the Permira Funds

Largest-ever investment in video telematics values Lytx in excess of $2.5 billion Lytx Inc. and Permira, the global private equity firm, announced that a company backed by the Permira funds and co-investors have entered into a definitive agreement to acquire a majority stake in Lytx. The transaction values Lytx, a leading provider of machine vision and artificial intelligence-powered video telematics¬†solutions for commercial, public sector and field services fleets, in excess of $2.5 billion. Fleets of every size and…