About This Deal
Danaher Corporation acquired Teletrac, a transaction completed in January 2013.
Teletrac operates in Industrial Technologies (telematics). Teletrac provides vehicle-tracking and fleet-management technology, including GPS fleet-tracking software used to monitor and manage commercial vehicles. It operates as part of Danaher's Gilbarco Veeder-Root platform.
Expanded Danaher's presence in the vehicle tracking and fleet management market.
Deal Terms
Acquirer
Danaher Corporation
Target
Teletrac
Value
Not disclosed
Date
January 2013
Type
Full acquisition
Status
Ready
Transaction Details
Segment
Industrial Technologies (telematics)
Announced
January 1, 2013
Closed
January 1, 2013
In Their Words
We recently entered the vehicle tracking and fleet management market through our acquisitions of Navman Wireless in 2012 and Teletrac in 2013.Danaher Corporation FY13 10-K, Item 1 Business description
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
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