Rand McNally (TELEO Portfolio) Acquires Fleetsu

TELEO Capital Acquires Rand McNally

November 10, 2020

Trucking & Fleet

TELEO Capital Management completed the acquisition of Rand McNally, a Chicago-based provider of fleet management, telematics and route mileage optimization software, as well as printed atlases and education products. TELEO said it will support Rand McNally’s next stage of growth through product investment and both organic and inorganic expansion initiatives.

GPSTrackit (Inverness Graham-backed) Acquires Fleet Trax

March 15, 2019

Cloud & SaaS

Inverness Graham Investments’ portfolio company GPSTrackit has acquired Fleet Trax, Inc. as an add-on to scale its IoT fleet-management and telematics SaaS platform. The acquisition expands GPSTrackit’s technology and vertical market capabilities across North and South America; financial terms were not disclosed.

Powerfleet Acquires Fleet Complete

October 1, 2024

Transportation

Powerfleet, Inc. has completed the strategic acquisition of Fleet Complete, a connected-vehicle and fleet-management technology provider. The deal creates a combined company with over $400 million in revenue (including $300M+ of recurring SaaS revenue), expands Powerfleet's footprint in North America and Europe, and enhances its AIoT, data ingestion and video capabilities.

Alerce Acquires WeMob to Add Telematics and Fleet Monitoring to Its TMS

September 4, 2024

Cloud & SaaS

Alerce, an Oakley Capital-backed transport & logistics software platform, has acquired WeMob, a Spain-based provider of fleet management and telematics SaaS solutions. The bolt-on deal expands Alerce's product suite with vehicle monitoring, diagnostics and driver-activity telemetry to enable cross-selling, improve customer service and support regulatory/ESG reporting.

Clarience Technologies Acquires Fleetilla

January 6, 2022

Transportation

Clarience Technologies, parent company to Truck-Lite and Road Ready, has acquired Ann Arbor-based telematics provider Fleetilla to strengthen its connectivity and telematics portfolio. The acquisition brings Fleetilla's hardware and software telematics solutions into Clarience's Road Ready ecosystem to accelerate development of next-generation connected solutions for electric and autonomous commercial vehicles.

Gridline Acquires Shell Telematics Business

May 5, 2025

Transportation

Gridline Inc. has acquired Shell's Telematics business in a transaction designed to strengthen Gridline's telematics and fleet-data capabilities and expand its customer offerings. The deal includes a non-exclusive referral agreement allowing Shell customers access to Gridline services and is intended to drive synergies across fleet management, data analytics, and sustainability initiatives.