Prior notification of a concentration (Case M.12287 – TPG / VITALITY / SOFTBANK / CAMBRIDGE MOBILE TELEMATICS) – Candidate case for simplified procedure
Date: 2026-02-24
Institutions: Directorate-General for Competition, European Commission
Subjects: communications systems, economic concentration, investment company, merger control, provision of services, public health, software, technology, telematics, wholesale selling








C_202601162EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2026/1162


24.2.2026






Prior notification of a concentration
(Case M.12287 – TPG / VITALITY / SOFTBANK / CAMBRIDGE MOBILE TELEMATICS)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2026/1162)


1.   
On 10 February 2026, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


TPG Inc. (‘TPG’, the United States),










—


Vitality Group International, Inc. (‘Vitality’, the United States), controlled by Discovery Limited (South Africa),










—


SoftBank Vision Fund (AIV M2), L.P. (‘SoftBank Investor’, the United Kingdom), controlled by SoftBank Group Corp (Japan),










—


Cambridge Mobile Telematics Inc. (‘CMT’, the United States) controlled by SoftBank Investor and Vitality.




TPG, Vitality and SoftBank Investor will acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of CMT.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are the following:






—


TPG is a leading global alternative asset management firm that consists of six multi-product platforms: Capital, Growth, Impact, Real Estate, Market Solutions and TPG Angelo Gordon,










—


SoftBank Investor is a subsidiary of SoftBank Group Corp, a publicly traded global investor, with a varied portfolio of investments and subsidiaries focused on the technology sector,










—


Vitality is a global health and wellness company,










—


CMT provides telematic services to insurers, automakers, commercial mobility companies, and the public sector.






3.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2), it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


4.   
The Commission invites interested third parties to submit their possible observations on the proposed concentration to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.12287 – TPG / VITALITY / SOFTBANK / CAMBRIDGE MOBILE TELEMATICS
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu

Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  
            OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  
            OJ C 160, 5.5.2023, p. 1.


ELI: http://data.europa.eu/eli/C/2026/1162/oj
ISSN 1977-091X (electronic edition)