Geotab has announced the completion of the acquisition of BSM Technologies. Providing telematics and asset management solution for more than 165,000 vehicles across government and private fleets in Canada and the United States, BSM brings 20 years of fleet management expertise while contributing significantly to the over 1.7 million fleet telematics subscribers utilizing Geotab products and services globally.
“The government telematics markets are key opportunities for us,” said Geotab CEO Neil Cawse. “Considering BSM’s existing activity, level of knowledge, and successful history, this transaction not only increases value and multiplies our service offerings to government customers but also strengthens our partner ecosystem that is focused on this vertical market.”
With an expanded team and BSM’s advanced development in optimization, winter operations, third-party integration, and off-road equipment tracking to be included within the Geotab Marketplace solution portfolio, Geotab and its network of resellers are now further equipped with the tools necessary for future success in key growth areas including: municipal, state, and provincial government, and off-road construction equipment markets. Additionally, by adopting the Geotab platform, BSM’s customers in government, as well as other verticals including construction, service, and rail, will benefit from Geotab’s engineering expertise and focus on electric vehicle (EV) telematics, EV infrastructure, security, scalability, and reliability while gaining access to solutions for enhanced visibility into vehicle performance, driver habits, accident detection, and more.
“We are excited to experience how BSM will strengthen our ecosystem and believe that the resultant platform enhancements will benefit our customers around the globe,” Cawse added. “With BSM’s activity in the government space coupled with Geotab’s proven success and commitment to security and scalability, our working in tandem will dramatically accelerate Geotab’s presence across North America, particularly in the electric vehicle space, which is an increasingly important emerging market.”
Geotab was recently selected as the sole telematics provider by the State of California and was awarded the world’s largest single-source telematics contract in history by GSA Fleet, a division of the GSA (General Services Administration), to equip its 217,000 U.S. government vehicles with Geotab technology. Geotab also became the first telematics company to receive FIPS 140-2 validation by the National Institute of Standards and Technology, specifically for its cryptographic module.
Geotab will be participating in the Smart Fleets, Smart Cities: Fleet’s Growing Role In The Creation Of Smart Cities panel at the Government Fleet Expo & Conference, which takes place in New Orleans, June 17-20.