M&A Deal Summary

CalAmp Acquires AirIO s Vehicle Finance Division

On March 16, 2007, CalAmp acquired communications company AirIO s Vehicle Finance Division from AirIQ for 19M USD

Acquisition Highlights
  • This is CalAmp’s 3rd transaction in the Communications sector.
  • This is CalAmp’s 6th largest (disclosed) transaction.
  • This is CalAmp’s 2nd transaction in Canada.

M&A Deal Summary
Date 2007-03-16
Target AirIO s Vehicle Finance Division
Sector Communications
Buyer(s) CalAmp
Sellers(s) AirIQ
Deal Type Divestiture
Deal Value 19M USD

Target

AirIO s Vehicle Finance Division

Canada
AirIO's Vehicle Finance Division, operates under the Aircept brand, sells Global Positioning Satellite (GPS) and cellular-based wireless asset tracking products and services to vehicle lenders that specialize in automobile financing for high credit risk individuals.

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Buyer(S) 1

Buyer

CalAmp

Irvine, California, United States

website

Category Company
Founded 1981
Sector Technology Hardware
Employees887
Revenue 296M USD (2022)
DESCRIPTION

CalAmp is a provider of wireless communications solutions from an extensive portfolio of devices, scalable cloud service enablement platforms and targeted software applications. CalAmp was founded in 1981 and is based in Irvine, California.

DEAL STATS #
Overall 5 of 13
Sector (Communications) 3 of 5
Type (Divestiture) 2 of 3
Country (Canada) 2 of 2
Year (2007) 1 of 2
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-26 TechnoCom - Mobile Resource Management

United States

Mobile Resource Management product line, is a Machine-to-Machine (M2M) communications products for enterprise asset tracking and fleet management applications.

Buy $2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-17 SmartLink Radio Networks

Wallingford, Connecticut, United States

SmartLink Radio Networks, Inc., designs, develops and manufactures interoperable radio communications platforms for use in public safety/service, critical infrastructure and commercial applications.

Buy $8M

Seller(S) 1

SELLER

AirIQ

Pickering, Ontario, Canada

website

Category Company
Founded 1997
Sector Information Technology
Revenue 4M CAD (2022)
DESCRIPTION

AirIQ offers an end-to-end wireless solution which allows customers to manage mobile assets on a cost-effective basis. AirIQ combines the power and economics of four proven technologies and offers them as one easy-to-use solution. AirIQ integrates the global positioning system (“GPS”), wireless cellular networks, digitized mapping databases, computing intelligence and connectivity / content offered by the Internet, in order to offer a complete suite of services to a diverse set of customers. AirIQ was founded in 1997 and is based in Pickering, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (Canada) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-31 Timeout Studios - Mobile Web Application Assets

Bradford, Ontario, Canada

Timeout Studios - Mobile Web Application Assets is a provider of customer contracts, software and source code related to the vendor’s web application business.

Buy -
Mergr

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