At the end of 1999 Cobra Automotive Technologies formed a working group with the objective of integrating automotive with telecommunications and information technologies in order to provide client-server infrastructures. The group's work led to formation of Nexo SA in August of 2001.

Cobra  Automotive Technologies is leader in the development, production and sale of electronic vehicle security systems. Cobra's vision is to enable and ensure secure monitoring of a range of remote assets. Cobra  Automotive Technologies unites in Nexo the know-how acquired in the automotive world of OEM and after-market equipment supply with the most rigorous standards of excellence. Cobra  Automotive Technologies's founder and Chairman Serafino Memmola comments: "For more than 25 years Cobra has grown organically by focusing on serving automotive customers to the highest standards. Today, as our markets continue to evolve and technologies converge, telematics represents the future for the Cobra  Automotive Technologies Group of companies.

Nexo is a global provider of secure connection infrastructure whose objective is to offer mobility-based services. On one hand the company aims to enable companies to revolutionize the way they manage their remote assets and to reduce the cost of doing so significantly. On the other hand, telematics-enabled infrastructure services allow service providers to improve customer relationships by enabling a more direct relationship with them.