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Mix Telematics To Acquire Trimble'S Field Service Management Business

Aug 25, 2022about 3 years ago

Acquiring Company

MiX

Acquired Company

Trimble

LewisvilleWestminsterSaasArtificial IntelligenceSoftwareSoftware

Description

MiX Telematics (JSE: MIX) (NYSE: MIXT), a leading global SaaS provider of connected fleet management solutions, announced today that the company has signed a definitive agreement to acquire Trimble's Field Service Management's (FSM) business. The acquisition is subject to customary closing conditions.

Company Information

Company

MiX

Location

Lewisville, Texas, United States

About

MiX is a global provider of fleet management and vehicle tracking solutions. The company offers services that enhance fleet efficiency and safety through innovative technology. MiX integrates hardware and software solutions to support a variety of clients.

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