Lemonade insurance company buys MetroMile data science firm

Lemonade Insurance - Company acquisition

The insurer is seeking to use the acquisition of the US firm to boost its auto policy offering. The Lemonade insurance company founded in Israel has announced that it has entered into a definitive acquisition agreement to purchase US the MetroMile data science firm, for the purpose of enhancing its auto policy offering. The acquisition of MetroMile represents the company’s first deal of this nature. Lemonade insurance made the acquisition deal in an all-stock transaction on equity value of $500 million, which equates to about slightly more than $200 million…

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