M&A Deal Summary

CalAmp Acquires LoJack

On February 1, 2016, CalAmp acquired safety/security company LoJack for 134M USD

Acquisition Highlights
  • This is CalAmp’s 1st transaction in the Safety/Security sector.
  • This is CalAmp’s largest (disclosed) transaction.
  • This is CalAmp’s 7th transaction in the United States.
  • This is CalAmp’s 4th transaction in California.
Investment Fate
  • LoJack was divested to a consortium of strategic buyers in 2021.

M&A Deal Summary
Date 2016-02-01
Target LoJack
Sector Safety/Security
Buyer(s) CalAmp
Deal Type Add-on Acquisition
Deal Value 134M USD
Advisor(s) Pacific Crest Securities, Inc. (Financial)
Goodwin Procter (Legal)

Target

LoJack

Irvine, California, United States
website
LoJack is a provider of vehicle theft recovery systems and advanced fleet management solutions. LoJack was founded in 1986 and is based in Irvine, California.

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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 9 of 13
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 7 of 10
State (California) 4 of 4
Country (United States) 7 of 8
Year (2016) 1 of 1
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-18 Radio Satellite Integrators

Torrance, California, United States

Radio Satellite Integrators, Inc., is a provider of mobile resource management solutions to city and county government agencies. RSI’s Software-as-a-Service (SaaS) solutions are utilized by a wide variety of fleet types including applications in public works, waste management, transit and public safety.

Buy $7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-25 LoJack Mexico

Mexico City, Mexico

Lo / Jack is the number one system worldwide in tracking systems and asset recovery thanks to its results. Its capacity has allowed the recovery of more than 600,000 vehicles worldwide. The Lo / Jack brand was born in Boston Massachusetts (USA) in 1986 and its technology, specially designed for the recovery of vehicles, is now present in more than 30 countries in America, Africa, and Europe.

Buy -
Mergr

Product

Company

Legal