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Mergers & Acquisitions

Omnitracs is buying SmartDrive, a move the companies say will create a converged, end-to-end platform that optimizes safety, driver productivity, and workflow, as well as routing, dispatch, and compliance.

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Lordstown Motors Corp. to List on NASDAQ

Lordstown will list on NASDAQ through a merger with DiamondPeak Holdings Corp. The EV maker has received more than 27,000 pre-orders for its Endurance electric pickup, primarily from commercial fleet customers.

Neste Acquires Mahoney Environmental

Neste, one of the world’s leading producers of renewable fuels, has announced the closing of its acquisition of its largest single investment in the U.S. to date.

Alamo Group to Acquire Morbark

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.

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.