In August 2018, an international professional company acquired GPS Tuner engaged in the development of navigation software for electric bikes. Founded in 2003, GPS Tuner is a leading supplier of versatile on-board information centres developed for the owners of traditional and electric bikes. GPS Tuner sells its products all over Europe to major electric bike manufacturers and navigation system developers.

The acquisition provides an opportunity for the investor to gain a significant market position in the bike navigation market.

The exclusive transaction advisor of GPS Tuner was Concorde MB Partners.