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Clarience Technologies Acquires Fleetilla To Strengthen Connectivity Portfolio As Electric And Autonomous Commercial Vehicles Arrive To North America

Jan 06, 2022•over 3 years ago

Acquiring Company

Clarience Technologies

Acquired Company

Fleetilla

SoftwareCommerce And Shopping

Description

Clarience Technologies, parent company to Truck-Lite, DAVCO filtration systems and Road Ready advanced telematics, has acquired Fleetilla, an Ann Arbor, Michigan-based telematics provider that serves commercial trucking and transportation, accelerating efforts to bring the next-generation solutions that are expected to be in high demand as the industry adopts electric and autonomous vehicles.

Company Information

Company

Clarience Technologies

About

Clarience Technologies focuses on developing vehicle and fleet management technology innovations for the commercial vehicle, passenger car, recreational off-road machine and pleasure craft markets. Through our data and insights, we improve fleet management, streamline supply chain management and enhance safety on and off the road. Since our Truck-Lite brand introduced the first sealed marker light in 1955, our companies have unveiled a steady stream of innovations that have turned customers into long-term partners. Today, Clarience Technologies is a global company known for its quality and dedication to sustainability – and to providing the technologies that keep our world moving forward. Learn more at www.clariencetechnologies.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed