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Mergers & Acquisitions

South Africa FMC Acquired for $222M

South African based fleet management company Eqstra Fleet Management and Logistics was acquired by a services, trading, and distribution company in the region for $222.34 million.

FCA Pulls Merger Offer with Renault

Fiat Chrysler Automobiles has retracted its offer to merge with Renault a week after submitting the offer because Nissan declined to support it, according to reports.

CalAmp Acquires Synovia for $50M

CalAmp has acquired Synovia Solutions from a private investment firm for $50 million as the Irvine, Calif.-based telematics hardware provider continues to expand into subscription services.

Geotab to Acquire BSM Technologies

Geotab has signed an agreement to acquire BSM Technologies. BSM provides telematics to more than 165,000 vehicles in Canada and the United States.