M&A Deal Summary

TrackX Acquires broTECH Solutions

On June 20, 2017, TrackX acquired internet software and services company broTECH Solutions for 3M USD

Acquisition Highlights
  • This is TrackX’s 1st transaction in the Internet Software and Services sector.
  • This is TrackX’s largest (disclosed) transaction.
  • This is TrackX’s 1st transaction in the United Kingdom.
  • This is TrackX’s 2nd transaction in Colorado.

M&A Deal Summary
Date 2017-06-20
Target broTECH Solutions
Sector Internet Software and Services
Buyer(s) TrackX
Deal Type Add-on Acquisition
Deal Value 3M USD

Target

broTECH Solutions

Riverside, Colorado, United Kingdom
broTECH Solutions LLC is a provider of asset management and IIoT (Industrial Internet of Things) solutions. broTECH Solutions LLC was established in 2013 and is headquartered in Riverside, California.

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Buyer(S) 1

Buyer

TrackX

Denver, Colorado, United States
Category Company
Sector Information Technology
Revenue 3M CAD (2021)
DESCRIPTION

TrackX is a technology company that specializes in providing SaaS-based enterprise tracing, tracking, and collaboration solutions to brands to achieve more sustainable and better-performing supply chains. The company solutions are built on an enterprise scalable and fully customizable platform that leverages a broad array of RFID, IoT (Internet of Things), and Sensor Technologies to provide item-level visibility to customers across a broad array of industries, including food, beverage, brewery, automotive, retail, financial services, technology, and government. TrackX is based in Denver, Colorado.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Colorado) 2 of 2
Country (United Kingdom) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-28 TrenStar

Greenwood Village, Colorado, United States

TrenStar, Inc. is a provider of outsourced logistics and supply chain infrastructure to major manufacturers across a variety of vertical markets. The company uses a combination of in-house and off-the-shelf logistics software along with RFID technology to track and monitor the asset base of its customers.

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