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  6. XRS Acquires Turnpike Global Technologies

M&A Deal Summary

XRS Acquires Turnpike Global Technologies

On December 4, 2009, XRS acquired software company Turnpike Global Technologies for 20M USD

Acquisition Highlights
  • This is XRS’s 1st transaction in the Software sector.
  • This is XRS’s largest (disclosed) transaction.
  • This is XRS’s 2nd transaction in the United States.
  • This is XRS’s 1st transaction in New York.

M&A Deal Summary
Date 2009-12-04
Target Turnpike Global Technologies
Sector Software
Buyer(s) XRS
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

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).

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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 2 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2009 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-01 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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