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Deal snapshot: ID SYSTEMS ACQUIRES KEYTROLLER TO OPEN CROSS SELLING OPPORTUNITIES.

MANews-(C)2009-2017

New Jersey, US-based wireless machine-to-machine (M2M) solutions provider I.D. Systems, Inc. has acquired Florida, US-based electronic safety device manufacturer Keytroller LLC, under the advisement of Dallas, US-based mergers and acquisitions specialist Generational Equity, the company said.

Keytroller said the two companies complement each other and will benefit from a broader choice of solutions and a larger, more capable service and support organisation. Generational Equity said the transaction opens cross-selling opportunities for both entities. Generational Equity, part of the Generational Group, provides merger, acquisition and strategic growth advisory services.

Country: USA

Sector: Electronics

Target: Keytroller LLC

Buyer: I.D. Systems, Inc

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Aug 17, 2017
Words:125
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