M&A Deal Summary

Geotab Acquires BSM Technologies

On April 8, 2019, Geotab acquired software company BSM Technologies for 117M CAD

Acquisition Highlights
  • This is Geotab’s 1st transaction in the Software sector.
  • This is Geotab’s largest (disclosed) transaction.
  • This is Geotab’s 2nd transaction in Canada.
  • This is Geotab’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2019-04-08
Target BSM Technologies
Sector Software
Buyer(s) Geotab
Deal Type Add-on Acquisition
Deal Value 117M CAD
Advisor(s) TD Securities (Financial)
Bennett Jones (Legal)

Target

BSM Technologies

Toronto, Ontario, Canada
BSM Technologies, Inc. is a provider of remote monitoring, fleet tracking and fleet maintenance and a business intelligence engine providing real time web-based tracking of mobile and fixed assets. BSM provides solutions for commercial, government, and law enforcement organizations who manage and operate diverse assets and large fleets, and who seek to enhance customer service, improve the safety of their drivers and vehicles, and lower business costs. BSM Technologies Inc. was founded in 1996 and is headquartered in Toronto, Ontario. BSM Technologies, Inc. was founded in 1996 and is headquartered in Toronto, Canada.

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Buyer(S) 1

Buyer

Geotab

Oakville, Ontario, Canada
Category Company
Founded 1996
Sector Technology Hardware
DESCRIPTION

Geotab, Inc. is a provider of end-to-end telematics technology products for tracing.

DEAL STATS #
Overall 3 of 4
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2019) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-12 FleetCarma

Waterloo, Ontario, Canada

FleetCarma is a clean-tech information and technology company that has been providing solutions to manage and accelerate the transition to electric vehicles (EVs). It Provides a robust cloud platform and specialized hardware are at the core of the company’s global product offering.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 Intendia

Madrid, Spain

Intendia provides service for remote downloads of digital tachograph data and driver´s card data through the system known as iTac. Intendia was founded in 2010 and is based in Madrid, Spain.

Buy -
Mergr

Product

Company

Legal