The Product Development and Engineering Centre (CEiiA) is currently holding negotiations with Galp, among other investors, to sell its business unit focused on smart mobility.
The Product Development and Engineering Centre (CEiiA) is currently holding negotiations with Galp, among other investors, to sell its business unit focused on smart mobility, ECO confirmed with some inside sources. The company at stake is GoWithFlow, which works autonomously from CEiiA since October last year.
Negotiations lasted for a couple of months and they might be ending sooner, ECO was told by an inside source that alerted for the possibility of the deal not happening at all. The terms guiding the discussions between Galp and CEiiA, like conditions and amount, have not yet been disclosed.
GoWithFlow is responsible for CEiiA’s previous mobility unit, namely “mobi.me”. The company is working on new sharing economy ideas, among other tech solutions for smart mobility. An inside source told ECO the new company has already acquired clients both in Portugal and Brazil as well as other incoming projects.
As a matter of fact, both Galp and CEiia have been working closely for a long time. Two months ago, Carlos Gomes da Silva, the Portuguese oil company’s CEO, paid a visit to CEiiA’s installations in Matosinhos in the company of José Rui Felizardo, CEiiA’s CEO. The visit occurred in the context of the World Energy Day on the 29th May.
ECO tried to contact both CEiiA and Galp for official comments, but no answer was received.