M&A Deal Summary

AirIQ Acquires Connected Telematics

On December 11, 2017, AirIQ acquired software company Connected Telematics

Acquisition Highlights
  • This is AirIQ’s 2nd transaction in the Software sector.
  • This is AirIQ’s 2nd transaction in Canada.
  • This is AirIQ’s 2nd transaction in Ontario.

M&A Deal Summary

Date 2017-12-11
Target Connected Telematics
Sector Software
Buyer(s) AirIQ
Deal Type Add-on Acquisition

Target

Connected Telematics

Mississauga, Ontario, Canada
Connected Telematics Corp. is a wireless fleet management company. Connected Telematics optimizes your enterprise fleet by connecting and securing your fleet & workforce in a single platform. Connected Telematics Corp. is based in Mississauga, Ontario.

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Buyer(S) 1

Buyer

AirIQ

Pickering, Ontario, Canada

Category Company
Founded 1997
Sector Information Technology
Revenue 5M CAD (2025)
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, Ontario.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS 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 -