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Clarience Technologies Acquires Safe Fleet to Expand Safety Technology Portfolio, Broaden Customer Reach into new Market Segments

Feb 15, 2024almost 2 years ago

Acquiring Company

Clarience Technologies

Acquired Company

Safe Fleet

SouthfieldBeltonSoftwareCommerce And ShoppingTransportation

Description

Clarience Technologies, a global provider of visibility and safety technology solutions for transportation, has announced the acquisition of Safe Fleet, a leader in safety solutions for fleet vehicles. This strategic acquisition reinforces Clarience Technologies' mission to bring total visibility to transportation, providing technologies that enhance safety, security, and productivity for customers across the industry. The addition of Safe Fleet products and technologies supports the commitment to become the premier provider of safety and connectivity solutions for a diverse range of fleet vehicles, and it paves the way for cross-selling opportunities, increased innovation, and an enhanced customer value proposition.

Company Information

Company

Clarience Technologies

Location

Southfield, Michigan, United States

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.

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