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 D...
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