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Divestiture • Business Services

Sirius XM Holdings Acquires Agero Connected Vehicle Unit

On August 15, 2013, Sirius XM Holdings acquired business services company Agero Connected Vehicle Unit from Agero for 530M USD

Acquisition Context
  • This is Sirius XM Holdings’ 1st transaction in the Business Services sector.
  • This is Sirius XM Holdings’ 2nd largest (disclosed) transaction.
  • This is Sirius XM Holdings’ 2nd transaction in the United States.

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M&A Deal Summary
Date August 15, 2013
Target Agero Connected Vehicle Unit
Sector Business Services
Buyer(s) Sirius XM Holdings
Sellers(s) Agero
Deal Type Divestiture
Deal Value 530M USD

Target Company

Agero Connected Vehicle Unit

United States
The connected vehicle unit of Agero is the leading provider of innovative telematics services, offering safety, security and convenience services for drivers and end-to-end, turnkey solutions for automakers.
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Buyer Overview 1

Buyer

Sirius XM Holdings

New York, New York, United States
Category Company
Founded 1990
Sector Media
Employees2,327
Revenue 4.6B USD (2015)
DESCRIPTION

Sirius is a satellite-based digital audio radio service provider.

Deal Context for Buyer #
Overall 2 of 8
Sector: Business Services 1 of 1
Type: Divestiture 1 of 2
Country: United States 2 of 8
Year: 2013 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-04 Sirius XM Connected Vehicle Services

Irving, Texas, United States

Sirius XM Connected Vehicle Services, Inc. is a provider of telematics services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-27 Automatic Labs

San Francisco, California, United States

Automatic Labs, Inc. is a provider of connected vehicle services for consumers and enterprises. Automatic's data-driven platform enables vehicle owners to be safer and drive smarter. The company's proprietary Automatic Pro and Automatic Lite connected car adapters provide vehicle diagnostic alerts, emergency crash assistance, fuel monitoring, access to parking information, live vehicle location tracking and much more.

Buy -

Seller Profile 1

SELLER

Agero

Medford, Massachusetts, United States
Category Company
Founded 1972
Sector Business Services
DESCRIPTION

Agero is a provider of vehicle and driver safety and security services, including roadside assistance, consumer affairs and claims management services.

Deal Context for Seller #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
Country: United States 1 of 1
Year: 2013 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 SwoopMe

San Francisco, California, United States

SwoopMe, Inc. is a provider of web-based dispatch solutions for roadside assistance providers. SwoopMe was founded in 2014 and is based in San Francisco, California.

Buy -

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