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New Deal


Announced

Completed

Spireon completed the acquisition of LoJack from CalAmp.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Domestic

Completed

Single Bidder

Private

Friendly

United States

asset tracking

protection services

Security Services

Acquisition

Synopsis

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Spireon, a vehicle intelligence company, completed the acquisition of LoJack, a stolen vehicle recovery system, from CalAmp, a provider of internet of things software applications. Financial terms were not disclosed. "Spireon's decision to acquire the LoJack US business reinforces our longstanding commitment to deliver 24×7 asset visibility and actionable insights that boost profits, protect assets and increase safety and productivity. The combination of LoJack's brand equity with Spireon's modern technology and award-winning customer service and support creates a powerful platform for continued innovation for current and future auto dealers and consumers," Kevin Weiss, Spireon CEO.

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