Announced
Completed
Financials
Sources
Tags
Majority
Domestic
Completed
Single Bidder
Private
Friendly
United States
asset tracking
protection services
Security Services
Acquisition
Synopsis
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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