Vontier Announces Agreement to Sell Teletrac Navman

RALEIGH, N.C.--(BUSINESS WIRE)--Vontier Corporation (NYSE: VNT), a leading global provider of critical technologies and solutions to connect, manage and scale the mobility ecosystem, today announced a definitive agreement to sell a majority of Teletrac Navman, its global telematics and asset management business to private equity firm, Respida Capital, for a purchase price that values the business at $220 million. Vontier will receive $80 million in cash, with the remainder comprised of an inter.