Fleet and Logistics Industry M&A Heating up despite Mixed Economic Signals

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2Q 2019 | IN-5516


2019 Acquisitions Already Exceed US$13 Billion


Notable deals in 2019 to date include Michelin’s acquisition of Masternaut—its third significant telematics purchase—and competitor Bridgestone’s purchase of TomTom Telematics for US$1 billion. The companies that were acquired were among the twelve largest global commercial telematics players. Additionally, the German Tier-1 company ZF acquired not only WABCO for US$7 billion but also a 60% share of 2getthere, a Dutch automated-transport company. Less known but just as significant in scope is Denmark-based Third-Party Logistics (3PL) company DSV’s acquisition of Swiss-based 3PL and airfreight forwarder Panalpina for US$4.6 billion, making it a top five global 3PL. Further east, market leader Alibaba purchased a 14% stake for US$693 million in STO Express Tracking, China’s fifth largest carrier.

Other commercial telematics acquisitions include Omnitracs’s purchase of fleet management software provider Blue Dot Solutions; E2open’s acquisition of Amber Road for US$425 million; and Geotab’s acquisitio…

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