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M&A Deal Summary

GPS TrackIt Acquires Zonar

On December 3, 2024, GPS TrackIt acquired software company Zonar from Continental

Acquisition Highlights
  • This is GPS TrackIt’s 2nd transaction in the Software sector.
  • This is GPS TrackIt’s 4th transaction in the United States.
  • This is GPS TrackIt’s 1st transaction in Washington.

M&A Deal Summary
Date 2024-12-03
Target Zonar
Sector Software
Buyer(s) GPS TrackIt
Sellers(s) Continental
Deal Type Divestiture

Target

Zonar

Seattle, Washington, United States
Zonar offers fleet management and mobility technologies for professional transportation fleets. Zonar was formed in 2001 and is headquartered in Seattle, Washington.

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Buyer(S) 1

Buyer

GPS TrackIt

Roswell, Georgia, United States
Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

GPS TrackIt is a provider of SaaS-based asset-tracking and fleet management solutions across North America. GPSTrackIt’s solutions deliver cost reductions, increased fleet efficiency, and equipment & asset protection. GPS TrackIt was founded in 1999 and is based in Roswell, Georgia.

DEAL STATS #
Overall 4 of 4
Sector: Software M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-06 Fleet Trax Vehicle Tracking Systems

Mound, Texas, United States

Fleet Trax Vehicle Tracking Systems is a provider of GPS tracking for fleet management solutions in North America. Fleet Trax Vehicle Tracking Systems is based in Mound, Texas.

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Seller(S) 1

SELLER

Continental

Hanover, Germany
Category Company
Founded 1871
Sector Manufacturing
Employees182,629
Revenue 39.7B EUR (2024)
DESCRIPTION

Continental is a tire manufacturer and industry specialist that develops and produces sustainable, safe and convenient solutions for automotive manufacturers as well as industrial and end customers worldwide. Continental was founded in 1871 and is based in Hanover, Germany.

DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Apex.AI

Palo Alto, California, United States

Apex.AI is a developer of safe, certified, developer-friendly, and scalable software for mobility systems. Apex.AI's flagship product is Apex.OS, a robust and reliable meta-operating system that enables faster and easier software development for vehicles and safer autonomous driving solutions. Apex.AI's software development kit targets two main customer groups, the OEM developers who need to implement complex AI software integrated with the entire vehicle, and the autonomous driving developers who can now implement safety-critical applications with ease and reliability. Apex.AI is based in Palo Alto, California.

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