(Reuters) - FleetCor Technologies Inc said it would buy payments processing company Comdata Inc from Ceridian LLC for $3.45 billion in its biggest deal as it looks to expand into the virtual payments market.
Comdata, which was acquired by payroll and employee benefits processing company Ceridian in 1995 for $900 million, provides fleet fuel cards for the trucking industry, payroll cards and gift cards among other services.
Numerex has agreed a $37.5 million takeover of fleet-management specialist Omnilink Systems aimed at expanding its product portfolio and boosting its recurring service revenues.
Numerex (Atlanta, GA, USA) said it would fund the transaction through a mixture of cash on hand and a $25 million term loan and expects the deal to close within 30 days.
iGen Networks has agreed a takeover of asset-tracking player Nimbo it says is aimed at extending its leadership position in M2M markets.
The cloud-computing company plans to issue 2.5 million shares of its common stock to secure full ownership of Nimbo (Murrieta, CA, USA), and is aiming to close the deal by the end of this month.
Nimbo offers what it calls consumer-safety solutions for the automotive and power sport industries and claims to have more than 10,000 asset activations to date.
Satellite player Orbcomm and analytics specialist Savi have won a five-year US Department of Defense contract as the sole providers to the $204 million RFID-IV program.
Under the deal, the two companies will provide satellite and RFID tags as well as other sensor technologies using Orbcomm’s (Rochelle Park, NJ, USA) global communications network.
The technologies will allow government customers to monitor the location of their cargo and send real-time alerts if there is a security breach or other anomaly.
Satellite company SkyWave Mobile Communications has launched a new dual satellite-cellular HSPA device to support M2M services.
The company says the device’s functionality will allow customers to access the most cost-effective communications network without sacrificing coverage or connectivity to essential data.
The IDP 700 series terminals are designed to provide a “quick and smart way” to connect people and assets anywhere in the world, says SkyWave (Ottawa, Canada).
Raco Wireless has teamed up with hardware player Queclink to provide an all-in-one M2M service for companies in the fleet and asset management industries.
The two M2M players say they can together provide everything customers need, from the SIM cards and development kits to the connectivity service courtesy of Raco’s (Cincinnati, OH, USA) deals with network operators around the world.
They argue their bundled service will help solutions providers launch products and services more quickly and easily, bringing together all the essentials needed for an M2M deployment.
M2M specialist Numerex has begun providing new tools and services to i3G, a provider of bulk-liquid tank monitoring solutions.
Thanks to the “Optimizer” functionality, customers of i3G’s (Monroe, CT, USA) “i-tank” offering can now group orders within the application on the basis of product type, order number and shipment.
The “Optimizer” features supports the handoff of order details to loading and distribution operations personnel, bolstering the efficiency and productivity of the company’s operations – with related benefits for customers.
A recently formed company calling itself M2M Spectrum Networks has unveiled plans to build and operate what it says will be the first licensed dedicated M2M network across the US.
Founded last year by entrepreneurs Barclay Knapp and Carole Downs, M2M Spectrum Networks (Phoenix, AZ, USA) says the rollout of its network will occur in “multiple phases”, with trials scheduled to begin in the second quarter of the year.
However, Knapp and Downs expect the network to cover 75% of the US population by the end of 2015 and 95% by the end of 2016.
Telit has launched a new automotive business unit following its takeover of a platform business from Dutch company NXP Semiconductors.
The UK-headquartered hardware player says it has now completed the acquisition of NXP’s (Eindhoven, Netherlands) automotive telematics on-board unit platform (ATOP) business, which develops technology allowing vehicle makers to implement eCall or similar functionality in a straightforward and cost-efficient way.
Kore Systems says it has begun providing an M2M service management platform to Singaporean telecom operator StarHub, which plans to launch a number of fleet and asset management services based on the tie-up.
The operator has been ramping up activities in the M2M area and sees the Kore platform as a vital component of its offerings to a number of vertical markets.