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Mergers & Acquisitions

Omnitracs Acquires SmartDrive

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.

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.

GPS Insight Acquires ServiceBridge

GPS Insight has acquired Chicago-based ServiceBridge, a field service management software company for small businesses and franchises.

Bridgestone Acquires TomTom Telematics

Bridgestone Europe N.V. will acquire TomTom's commercial telematics business, which is the largest among European fleet telematics providers, to create a leading data platform for connected vehicles, the company has announced.

Bobit Business Media Sold to Gemspring Capital

Bobit Business Media has been acquired by Gemspring Capital, a middle-market private equity firm. Bobit, which bought HDT in 2012, was founded by Ed Bobit in 1961 with Automotive Fleet and today is a successful business-to-business media company in the fleet, transportation, beauty, and law enforcement industries.