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M&A Deal Summary

Geotab Acquires FleetCarma

On June 12, 2018, Geotab acquired information technology company FleetCarma from CrossChasm Technologies

Acquisition Highlights
  • This is Geotab’s 2nd transaction in the Information Technology sector.
  • This is Geotab’s 1st transaction in Canada.
  • This is Geotab’s 1st transaction in Ontario.

M&A Deal Summary
Date 2018-06-12
Target FleetCarma
Sector Information Technology
Buyer(s) Geotab
Sellers(s) CrossChasm Technologies
Deal Type Divestiture

Target

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.

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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 2 of 5
Sector: Information Technology M&A 2 of 2
Type: Divestiture M&A Deals 1 of 2
State: Ontario M&A 1 of 2
Country: Canada M&A 1 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-07 Strategic Telecom Solutions

Las Vegas, Nevada, United States

Strategic Telecom Solutions LLC is a provider of technology solutions for fleet management services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-08 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.

Buy CA$117M

Seller(S) 1

SELLER

CrossChasm Technologies

Waterloo, Ontario, Canada
Category Company
Sector Engineering
DESCRIPTION

CrossChasm Technologies, Inc. is a provider of engineering services for automotive manufacturers who are designing hybrid, electric and plug-in vehicles.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2018 M&A 1 of 1
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