M&A Deal Summary

Geoforce Acquires Temeda

On May 29, 2024, Geoforce acquired information technology company Temeda

Acquisition Highlights
  • This is Geoforce’s 1st transaction in the Information Technology sector.
  • This is Geoforce’s 2nd transaction in the United States.
  • This is Geoforce’s 1st transaction in Illinois.

M&A Deal Summary
Date 2024-05-29
Target Temeda
Sector Information Technology
Buyer(s) Geoforce
Deal Type Add-on Acquisition

Target

Temeda

Naperville, Illinois, United States
Temeda is a platform that connects data, assets, equipment, jobs, people, and places. Temeda goal is to simplify and empower customers business with a single solution hub — so customers can focus on what matters. Temeda was founded in 2014 and is based in Naperville, Illinois.

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Buyer(S) 1

Buyer

Geoforce

Plano, Texas, United States
Category Company
Founded 2007
Sector Internet Software and Services
DESCRIPTION

Geoforce is a cloud-based software platform that delivers a unified view of multiple asset types, including non-powered equipment, powered equipment and vehicles, through ruggedized satellite and cellular-based GPS devices. Geoforce was founded in 2007 and is based in Plano, Texas.

DEAL STATS #
Overall 3 of 3
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 Trakopolis IoT

Calgary, Alberta, Canada

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud-based solutions for real-time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from many verticals including oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

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