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M&A Deal Summary

Spireon Acquires LoJack

On March 16, 2021, Spireon acquired safety/security company LoJack from CalAmp

Acquisition Highlights
  • This is Spireon’s 1st transaction in the Safety/Security sector.
  • This is Spireon’s 2nd transaction in the United States.
  • This is Spireon’s 1st transaction in California.

M&A Deal Summary
Date 2021-03-16
Target LoJack
Sector Safety/Security
Buyer(s) Spireon
Sellers(s) CalAmp
Deal Type Divestiture

Target

LoJack

Irvine, California, United States
LoJack is a provider of vehicle theft recovery systems and advanced fleet management solutions. LoJack was founded in 1986 and is based in Irvine, California.

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Buyer(S) 1

Buyer

Spireon

Knoxville, Tennessee, United States
Category Company
Founded 2002
Sector Internet Software and Services
DESCRIPTION

Spireon is a connected vehicle intelligence company, providing businesses and consumers with powerful insights to track, manage and protect their most valuable mobile assets. Spireon was founded in 2002 and is based in Knoxville, Tennessee.

DEAL STATS #
Overall 2 of 2
Sector: Safety/Security M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-15 Inilex

Phoenix, Arizona, United States

Inilex, Inc. (Skylink) is a manufacturer of communication equipment.

Buy -

Seller(S) 1

SELLER

CalAmp

Irvine, California, United States
Category Company
Founded 1981
Sector Technology Hardware
Employees887
Revenue 296M USD (2022)
DESCRIPTION

CalAmp is a provider of wireless communications solutions from an extensive portfolio of devices, scalable cloud service enablement platforms and targeted software applications. CalAmp was founded in 1981 and is based in Irvine, California.

DEAL STATS #
Overall 1 of 2
Sector: Safety/Security M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
State: California M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-15 Synovia Solutions

Indianapolis, Indiana, United States

Synovia Solutions LLC is a software-powered, GPS-driven smart fleet technology applications company that helps customer increase savings, enhance safety and improve service. Synovia provides digital services that deliver essential real-time data and tailored reporting for smarter fleet management. Synovia Solutions LLC was founded in 1991 and is based in Indianapolis, Indiana.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-11 CalAmp - Guardian Viper SC+ & Viper SC+ Base Station Products

Irvine, California, United States

CalAmp's Guardian, Viper SC+ & Viper SC+ Base Station Products is a contract manufacturer, as well as provides RMA service for the Guardian™ and Viper SC+™ products.

Sell -
Mergr

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