# Vela Industries Group acquires Samtech in Chile

Vela Industries Group, part of Vela Software Group, has acquired Samtech, a fleet management and telematics software provider for mining and construction in Chile and Colombia.

- Type: Acquisition
- Announced: 2024-04-01
- Where: Santiago, Chile, Chile
- Status: completed
- Products: fleet management software, telematics hardware
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Samtech](https://endata.com/companies/70822.md) (target)
- [Vela Industries Group](https://endata.com/companies/76535.md) (acquirer)

## Sources

- [arnoldporter.com](https://www.arnoldporter.com/en/perspectives/news/2024/04/arnold-porter-advises-vela-industries-group), 2024-04-01: "Arnold & Porter has guided another significant corporate transaction in Latin America, advising Vela Industries Group...in the acquisition of Santiago, Chile-based Samtech."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.