Tag: fleet management
Moody’s Says Solera’s Acquisition of Spireon Totals $737.5 Million
Moody's Investors Service says Polaris Newco's (dba Solera) financial ratings are unchanged following a recently announced acquisition of Spireon for an estimated $737.5 million. Last week, Location Business News reported that the financial...
Solera Holdings To Acquire Spireon
Omnitrac's parent company signs deal to buy telematics giant
Solera Holdings, the parent company of Omnitracs, has agreed to acquire telematics giant Spireon from a fund managed by Greenbriar...
CalAmp Anticipates Supply Chain Problems, Quarterly Loss
CalAmp says supply chain shortages will lower the company’s “shipment expectations” for the second half of the year, causing a quarterly loss.
Jeff Gardner, CalAmp's...
C.J. Driscoll Releases New U.S. Mobile Resource Management Systems Market Report
C.J. Driscoll & Associates has released the 2021-22 U.S. Mobile Resource Management Systems Market Study that says approximately 18.0 million GPS/wireless devices are used to manage fleet...
ORBCOMM Announces Completion of Acquisition by GI Partners…Now A Private Company
IoT company ORBCOMM Inc. has announced the completion of its acquisition by investment management firm GI Partners for $1.1 billion, including net debt.
The provisions of the deal,...
ABAX Switches Map Vendors, Did It Dump Google?
ABAX said it is switching its map provider to HERE Technologies. ABAX, a European telematics company with 40,000 customers and 440,000 connected assets, said its newly...
Accel-KKR Buys GPS Insight
Private equity firm Accel-KKR has acquired fleet management software company GPS Insight, a fleet management software leader. Founded in 2005, Scottsdale, Ariz.-based GPS Insight...
Telefónica and Geotab Sign Deal With ALD for Telematics Unit Rollout
ALD Automotive has a signed a deal with Telefónica Tech and Geotab for a connected car solution to be rolled out this year in 12 European and Latin American...
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