Enghouse Systems Acquires PE-Backed Locus AS
Enghouse Systems Ltd., a publicly-traded Canadian software and services company, has agreed to acquire Locus AS, a Norwegian developer and provider of integration software and systems of efficient management of fleets of vehicles/mobile users. The transaction, which is expected to be completed in the second quarter of 2013, is priced at approximately C$14 million. Locus is a portfolio company of European private equity firm CapMan Group. CapMan has held a majority interest in the company since 2004.
8 February 2013•2 mins read
