M&A Deal Summary

XRS Acquires GeoLogic Solutions

On February 1, 2008, XRS acquired communications company GeoLogic Solutions

Acquisition Highlights
  • This is XRS’s 1st transaction in the Communications sector.
  • This is XRS’s 1st transaction in the United States.
  • This is XRS’s 1st transaction in Vermont.

M&A Deal Summary
Date 2008-02-01
Target GeoLogic Solutions
Sector Communications
Buyer(s) XRS
Deal Type Add-on Acquisition

Target

GeoLogic Solutions

Herndon, Vermont, United States
GeoLogic provides the commercial trucking industry with wireless asset management solutions that reduce operational costs while increasing overall efficiency.

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Buyer(S) 1

Buyer

XRS

Eden Prairie, Minnesota, United States
Category Company
Founded 1985
Sector Software
Employees165
Revenue 63M USD (2012)
DESCRIPTION

XRS Corporations is a provider of fleet management and compliance software solutions to the trucking industry to help maintain regulatory compliance and reduce operating costs.

DEAL STATS #
Overall 1 of 2
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Vermont) 1 of 1
Country (United States) 1 of 2
Year (2008) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-04 Turnpike Global Technologies

Buffalo, New York, United States

Turnpike Global Technologies provides simple solutions to the transportation industry that result in immediate cost savings. Turnpike has been recognized as the first company in North America to fully automate, from end-to-end, the fuel and mileage tax process required by the International Fuel Tax Agreement (IFTA).

Buy $20M
Mergr

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