M&A Deal Summary

Zipcar Acquires Local Motion

On August 25, 2015, Zipcar acquired internet software and services company Local Motion

Acquisition Highlights
  • This is Zipcar’s 1st transaction in the Internet Software and Services sector.
  • This is Zipcar’s 1st transaction in the United States.
  • This is Zipcar’s 1st transaction in California.

M&A Deal Summary

Date 2015-08-25
Target Local Motion
Sector Internet Software and Services
Buyer(s) Zipcar
Deal Type Add-on Acquisition

Target

Local Motion

San Mateo, California, United States
website
Local Motion, Inc. is a cloud-based platform, get a bird’s eye view of all your vehicles to make on-the-ground decisions anytime, anywhere.

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Buyer(S) 1

Buyer

Zipcar

Cambridge, Massachusetts, United States

website


Category Company
Founded 2000
Sector Automotive
Employees496
Revenue 215M USD (2013)
DESCRIPTION

Zipcar, Inc. is a car sharing nad car club service network. It operates membership-based businesses in major metropolitan areas and college campuses in the United States, Canada and the United Kingdom.


DEAL STATS #
Overall 3 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (California) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-11 Denzel Mobility CarSharing

Vienna, Austria

Denzel Mobility CarSharing GmbH is a car sharing company, provides just under 200 vehicles on an hourly and kilometer based rate, with fixed pick-up and return locations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-30 Buffalo Carshare

Buffalo, New York, United States

Buffalo Carshare is a provider of car sharing and rental services.

Buy -