2 Acquisitions of Companies in the Fleet Management Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Fleet Management industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 2 acquisitions that took place in the Fleet Management industry.

The Floow acquired by Otonomo

Details about the transaction:

Acquisition amount:

$69,000,000

Announcement:

27 February 2022

Details about the company:

To make cars safer and more affordable for everyone, The Floow develops the most cutting-edge and affordable telematic systems in the world.

Headquarter:

Sheffield, Sheffield, United Kingdom

Where to find them:

Industry:

Automotive, Fleet Management, Information Technology

Details about the buyer:

Otonomo is a cloud-based technology that links millions of automobiles to automakers, drivers, and service providers.

Headquarter:

Herzliya, Tel Aviv, Israel

Where to find them:

Foxtrot Systems acquired by Descartes Systems Group

Details about the transaction:

Acquisition amount:

$4,000,000

Announcement:

21 April 2022

Details about the company:

The automated last-mile fleet management ecosystem of Foxtrot Systems is dedicated to enabling the supply chain of the future.

Headquarter:

San Francisco, California, United States

Where to find them:

Industry:

Delivery, Enterprise Software, Fleet Management, Last Mile Transportation, Logistics, Software, Supply Chain Management

Details about the buyer:

Descartes is the industry pioneer in on-demand, software-as-a-service solutions with a productivity improvement focus.

Headquarter:

Waterloo, Ontario, Canada

Where to find them: