MANAGING PUBLIC SECTOR VEHICLES & EQUIPMENT
Alamo Group will purchase Morbark, a manufacturer of equipment and parts for the forestry, recycling, tree care, sawmill, land clearing, and biomass markets, for $352 million.
Yanmar Group announced the completion of its acquisition of compact equipment manufacturer ASV Holdings for $70 million.
BSM brings 20 years of fleet management expertise while contributing to the over 1.7 million fleet telematics subscribers utilizing Geotab products and services globally.
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 has signed an agreement to acquire BSM Technologies. BSM provides telematics to more than 165,000 vehicles in Canada and the United States.
Bobit Business Media has been acquired by Gemspring Capital, a middle-market private equity firm. Bobit, which bought HDT in 2012, was founded by Ed Bobit in 1961 with Automotive Fleet and today is a successful business-to-business media company in the fleet, transportation, beauty, and law enforcement industries.
Cummins has acquired Efficient Drivetrains Inc., a Silicon Valley-based company known for producing hybrid and electric power solutions for the commercial market.
Geotab has acquired FleetCarma, a Canadian telematics company that specializes in the management of electrified vehicles, the telematics provider announced at its Geotab Connect conference in Toronto today.
Velocity Truck Centers, a commercial vehicle dealership group in the Southwest, has acquired Sierra Freightliner Sterling Western Star, extending the company’s reach in Nevada.
OMNIA Partners, parent company of National IPA, is purchasing U.S. Communities, which will merge two national government cooperative purchasing groups.