UK-based Mytraffic, a provider of location intelligence and traffic analytics solutions, has successfully acquired Geoblink, a Madrid-based geospatial intelligence platform. The financial details of the deal remain undisclosed. This strategic move integrates Geoblink’s advanced geospatial technology seamlessly into Mytraffic’s analytics platform.
Geoblink, led by Founder and CEO Jaime Laulhé, specializes in providing actionable location insights through its geospatial intelligence platform. The company, supported by Nauta Capital and Elaia Partners, has established itself as a trusted partner for businesses looking to optimize strategies based on geospatial data.
Mytraffic, under the leadership of CEO Hakim Saadaoui, operates as a prominent provider of location intelligence and traffic analytics solutions across several European countries, including France, Belgium, Italy, Spain, Germany, UK, Finland, Norway, Denmark, and Sweden. Emphasizing innovation, Mytraffic enables businesses to make informed decisions by harnessing the power of geospatial data. Notably, Mytraffic secured €30M in a Series B funding round in September 2022, with AXA Venture Partners (AVP) as a key contributor.
Commenting on the news, Hakim Saadaoui said: “We are proud to announce the formation of Europe’s premier location intelligence platform through the strategic acquisition of Geoblink by Mytraffic. This first acquisition marks a major turning point in our history, enabling us to become an undisputed leader in the UK and Europe, while maintaining our capacity to be in the forefront of innovation in this sector.”
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By Ravi Kumar