North American Internet of Things (IoT) and transport connectivity specialist, Geotab, has completed its acquisition of BSM Technologies.
Providing telematics and asset management solution for more than 165,000 vehicles across government and private fleets in Canada and the US, BSM brings 20 years of fleet management expertise while contributing significantly to the over 1.7 million fleet telematics subscribers utilising Geotab products and services globally.
“The government telematics markets are key opportunities for us,” said Geotab CEO, Neil Cawse.
“Considering BSM’s existing activity, level of knowledge and successful history, this transaction not only increases value and multiplies our service offerings to government customers but also strengthens our partner ecosystem that is focused on this vertical market,” he said.
With an expanded team and BSM’s advanced development in optimisation, winter ops, third-party integration and off-road equipment tracking to be included within the Geotab Marketplace solution portfolio, Geotab and its network of resellers are now further equipped with the tools necessary for future success in key growth areas including: municipal, state and provincial government and off-road construction equipment markets.
“We are excited to experience how BSM will strengthen our ecosystem and believe that the resultant platform enhancements will benefit our customers around the globe,” said Cawse.
“With BSM’s activity in the government space coupled with Geotab’s proven success and commitment to security and scalability, our working in tandem will dramatically accelerate Geotab’s presence across North America, particularly in the electric vehicle space, which is an increasingly important emerging market,” he said.