M&A Deal Summary

Xirgo Acquires UAB Baltic Car Equipment

On June 19, 2019, Xirgo acquired technology hardware company UAB Baltic Car Equipment

Acquisition Highlights
  • This is Xirgo’s 1st transaction in the Technology Hardware sector.
  • This is Xirgo’s 1st transaction in Lithuania.

M&A Deal Summary
Date 2019-06-19
Target UAB Baltic Car Equipment
Sector Technology Hardware
Buyer(s) Xirgo
Deal Type Add-on Acquisition

Target

UAB Baltic Car Equipment

Kaunas, Lithuania
UAB Baltic Car Equipment Ltd. provides a variety of fleet management solutions, including hardware and software suites for light vehicles, trucks, heavy machinery, and agricultural equipment targeting a variety of industries. UAB Baltic Car Equipment was founded in 2006 and is based in Kaunas, Lithuania.

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Buyer(S) 1

Buyer

Xirgo

Camarillo, California, United States
Category Company
Founded 2005
Sector Technology Hardware
DESCRIPTION

Xirgo is a provider of wireless telematics modules for tracking, monitoring, protecting, and controlling remote assets and workers supporting the Internet of Things (“IoT”) growth sector. Xirgo Technologies was founded in 2005 and is based in Camarillo, California.

DEAL STATS #
Overall 1 of 2
Sector (Technology Hardware) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (Lithuania) 1 of 1
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-12 Owl Cameras

Palo Alto, California, United States

Owlcam's artificial intelligence (AI) technology delivers innovative driver monitoring and feedback, actuarial modeling, and actionable insights that are of great importance to companies looking to improve safety and reduce costs.

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Mergr

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