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SEARCHWith Safe Fleet, Clarience Technologies strengthens its position in several industry segments, including school transportation, transit, fire and emergency, law enforcement, waste, industrial, and recreational vehicles.
The acquisition will increase Clarience Technologies’ total workforce to over 4,000 employees across nearly 50 locations worldwide.
Photo: METRO
Clarience Technologies announced it has acquired Safe Fleet.
The acquisition of Safe Fleet increases Clarience Technologies’ total workforce to over 4,000 employees at nearly 50 locations worldwide. Safe Fleet joins the Clarience Technologies team of companies, which includes Truck-Lite, ECCO, Code 3, Pressure Systems International, DAVCO, Road Ready, Fleetilla, LED Autolamps, Rigid Industries, and Lumitec.
With Safe Fleet, Clarience Technologies strengthens its position in several industry segments, including school transportation, transit, fire and emergency, law enforcement, waste, industrial, and recreational vehicles.
The acquisition also paves the way for cross-selling opportunities, increased innovation, and an enhanced customer value proposition.
With Safe Fleet, Clarience Technologies sees an opportunity to provide customers more complete solutions created when select complementary safety and visibility technologies offered across its companies are connected digitally through a common software platform.
“Clarience Technologies and Safe Fleet share a common mission of making transportation safer and smarter through technology,” said Brian Kupchella, CEO of Clarience Technologies. “The acquisition of Safe Fleet provides our company with critical technologies, deep vocational segment expertise, and a portfolio of powerful and complementary safety products that support our vision to provide comprehensive solutions to a broader set of transportation customers around the world.”
Safe Fleet delivers smart safety solutions. The Safe Fleet product portfolio includes technology-enabled solutions for fleet video and evidence management, collision prevention, violation detection, and trailer temperature control, as well as cargo storage systems and several other safety solutions.
Safe Fleet's integrated safety platform serves fleets of every type including school transportation, transit, fire and emergency, law enforcement, work truck, commercial transportation, logistics, construction, agriculture, waste and recycling, industrial, and military.
UBS Investment Bank served as exclusive financial advisor to Clarience Technologies and Genstar Capital, BMO Capital Markets and KKR Capital Markets served as capital markets advisors and Weil, Gotshal & Manges LLP served as legal counsel.
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