Madison Dearborn invests in Fleet Complete's buy of ITmobile
Fleet Complete, a Canadian provider of fleet telematics and mobile workforce technology, has acquired ITmobile, a Dutch fleet telematics business. No financial terms were disclosed. The deal was funded through an equity investment from the management teams of the two companies as well as U.S. private equity firm Madison Dearborn Partners, which bought majority control of Fleet Complete in September 2014. Fleet Complete, which is headquartered in Markham, Ontario, said the acquisition will serve as a base for its growth in Europe. ITmobile is the company's second add-on deal since Madison Dearborn's initial investment. Last year, it acquired FieldWorker Technology Solutions.
7 January 2016•3 mins read
