Geotab announced it has agreed to acquire BSM Technologies.
BSM provides telematics and asset-management solutions to more than 165,000 vehicles across government and private fleets in Canada and the United States.
The completion of the transaction would add to the more 1.5 million fleet-telematics subscribers utilizing Geotab globally, according to the company.
Over the past 20 years, BSM has developed extensive experience and customer relationships in the government sector, enabling municipalities and states/provinces to optimize and manage their winter road-maintenance fleets, Geotab noted in a news release.
”BSM had previously standardized on using the Geotab platform as their base and then created a competitive advantage by building new products on top of our technology,” said Neil Cawse, Geotab CEO. “An example of this is winter ops – support for data and the management of snow plows and spreaders. This technology is key for our resellers to be able to win government business.”
Geotab’s major account wins include a contract with GSA Fleet, a division of the U.S. General Services Administration, to equip its 217,000 U.S. government vehicles with Geotab technology. Geotab announced earlier this year that the cryptographic module in the company’s GO vehicle-tracking device received FIPS 140-2 validation by the National Institute of Standards and Technology.
“BSM’s activity in the government space coupled with Geotab’s proven success and commitment to security and scalability will work in tandem to dramatically accelerate Geotab’s presence across North America including in the electric vehicle space, which is an increasingly important emerging market,” added Cawse. “We are excited about what BSM will do to strengthen our ecosystem and believe that the resultant platform enhancements will benefit our customers around the globe.”