FleetGO Group Acquires DreamTec Systems

Bridges Fund Management Acquires Majority Stake in Storetec

November 9, 2022

Professional Services

Bridges Fund Management has acquired a majority stake in Storetec, a Hull-based document digitisation, archive storage and cloud document management provider. The investment from Bridges' Sustainable Growth Funds will support Storetec's product and service expansion, strengthen its impact and ESG practices, and accelerate growth across the U.K. and into new markets.

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.

Veolia Acquires Icetec to Expand Digital and Distributed Energy Business in North America

July 18, 2025

Energy

Veolia has completed the acquisition of Icetec, a Boothwyn, Pennsylvania–based digital and distributed energy management company with more than 20 years of experience. The tuck-in expands Veolia's North American energy service offerings and adds Icetec's SaaS optimization capabilities to Veolia's Hubgrade digital platform as part of its GreenUp strategy.

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.

BuildTec Software Group Acquires Majority Stake in Acies A/S

April 8, 2024

Software

BuildTec Software Group, a European construction-software platform formed by funds advised by Bregal Unternehmerkapital (BU), has acquired a majority stake in Acies A/S, a Danish provider of configuration software, MES and production planning solutions. The move expands BuildTec's geographic presence in Denmark and strengthens its product portfolio for window, door and kitchen manufacturers.

Rand McNally (TELEO Portfolio) Acquires Fleetsu

April 12, 2022

Transportation

Rand McNally, a TELEO Capital portfolio company, has acquired Fleetsu Pty Ltd, a Perth-based provider of cloud-based fleet telematics and data analytics. The acquisition integrates Fleetsu's platform and analytics into Rand McNally's fleet and connected-vehicle offerings to expand capabilities across commercial fleets, OEMs and rental operators.