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Riot 245: Around The Web Roundup

// M&A, Strategies, Alliances // Groupe PSA has acquired TravelCar, a car park and rental startup that will be key to PSA’s Vehicle-aaS strategy. The platform has 1mn users, and PSA was an early investor. It gives PSA a foundation on which to experiment with different ownership and usage approaches. Phillips Connect Technologies (PCT) has acquired Connected Holdings, an IoT cellular connection service provider that PCT will be incorporating into its heavy trucking and container tracking systems, which are due to be launched later this year. Connected Holdings had connected more than 4mn vehicles and devices. Qualcomm has sold its Life subsidiary to Francisco Partners, offloading a division with a lot of promise that never seemed to actually do much.…

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