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The equity firm invested R450 million ($30.6 million) to gain 100% ownership stakes in the two companies.
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Investor consortium LP Group BV has completed its acquisition of LeasePlan NV for $4.05 billion (3.7 billion euro), the fleet management company has announced.
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Cruise Automation, based in San Francisco, will operate as an independent unit within GM’s recently formed autonomous vehicle development team.
Read More →First Priority GreenFleet Ltd. has acquired the assets of Electric Vehicle International, (EVI) LLC.
Read More →Chicago-based private equity firm GTCR is acquiring video-based telematics supplier Lytx, Inc. for more than $500 million in an all-cash transaction, according to a release.
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ADESA, Inc., has signed an agreement to acquire eight Brasher family auctions for $283 million under an agreement announced by parent KAR Auction Services.
Read More →Union Leasing has closed its acquisition of Walser Leasing and Fleet Services, which will grow the company's fleet leasing asset portfolio by 16%, according to the parent holding company.
Read More →CalAmp is acquiring LoJack Corporation to position itself as a lead provider in connected car solutions and vehicle telematics applications, the Oxnard, Calif. company announced.
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The European Central Bank has approved the sale of LeasePlan N.V. to an investor group, clearing the way for the closing of the transaction by April 1, the Dutch fleet management company has announced.
Read More →The sale did not include Walser Specialized Services, which provides acquisition services to car rental companies and commercial fleets.
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