Balmoral Funds completed the acquisition of Xirgo Technologies.

Balmoral Funds, a private equity fund, completed the acquisition of Xirgo Technologies, a company that delivers industry leading vehicle and asset telematics hardware, software and support solutions. Financial terms were not disclosed. "As an independent entity, Xirgo is now positioned to focus on what it does best - delivering cutting-edge AI enabled IoT solutions. We're committed to not only serving our existing customer base with continued excellence but also to expanding our reach to new customers embarking on their IoT journeys. The market can expect a renewed, acute focus on innovation and customer service," Clay Baker, Balmoral Vice President.