Skip to content
Home » Blog » Telular Extends M2M Portfolio with SkyBitz Acquisition

Telular Extends M2M Portfolio with SkyBitz Acquisition

Telular Corporation has announced the signing of a definitive merger agreement to acquire SkyBitz, Inc. The combined companies will create the largest “pure player” asset tracking and management company in the world, Telular says.

The acquisition expands Telular’s position in the M2M space as a result of SkyBitz’s broad base of additional customers and proprietary SAAS technology platform.

SkyBitz’s Global Locating System (GLS) satellite-based technology provides real-time visibility of many asset types. SkyBitz addresses a multi-billion dollar market opportunity by reducing operating costs, increasing efficiency and aiding in the compliance with regulatory requirements across an increasingly complex set of supply chains and business ecosystems.

“I am very excited about the acquisition of SkyBitz as it gives us the leading position in an adjacent M2M vertical market, provides immediate incremental cash flow and builds upon our stream of high-margin, recurring service revenues,” said Joseph Beatty, president and chief executive officer of Telular Corporation. “SkyBitz’s management approach and growth objectives fit very well with Telular’s strategy and include growing its installed base of units, enhancing its international presence, and entering new vertical markets related to asset tracking. Combined with Telular’s existing portfolio of Telguard and TankLink services, we can address a much larger market opportunity and expand our technology base with satellite communications capabilities that will complement our historical expertise in cellular communications. We believe that this acquisition will help us accelerate our growth and profitability in the wireless space while maintaining a strong financial position and staunchly supporting a tangible return to our shareholders in the form of a quarterly dividend.”

Dr. Homaira Akbari, president and chief executive officer of SkyBitz, plans to remain with the combined company as president of SkyBitz. In addition, SkyBitz’s experienced management team is expected to stay in its entirety to help grow the asset tracking business and continue developing related, add-on services in the areas of cargo security, cargo status monitoring, preventative maintenance and other applications which will be soon announced.

“SkyBitz’s technology platform is the industry’s best-in-breed; providing a powerful, highly reliable solution that is complementary to Telular’s existing portfolio of M2M solutions,” explained Dr. Akbari. “As the market leader in asset tracking, we have developed cutting-edge SAAS solutions that are well suited to serve many industries, including government, due to the patented way in which we use GPS signals to determine the location of critical assets.”

Transaction terms include a purchase price of $42 million, comprised of $35 million in cash and $7 million in newly issued shares of common stock.

Printer Friendly Version
Email This Story
Bookmark and Share

Supplier News: Related News

12/6/2011 – Telular Extends M2M Portfolio with SkyBitz Acquisition

Telular Corporation has announced the signing of a definitive merger agreement to acquire SkyBitz, Inc. The combined companies will create the largest “pure player” asset tracking and management company in the world, Telular says….

12/5/2011 – Wabash Names Truck-Lite Outstanding Supplier

Wabash National Corporation recently selected Truck-Lite as a top supplier during its annual supplier conference for going above and beyond to meet increasing customer demand and maximized productivity….

12/5/2011 – ALK Technologies Announces Worldwide Enterprise Solutions Group

ALK Technologies, Inc., has formed a new business group, Enterprise Solutions, comprised of its PC*MILER, CoPilot Truck and CoPilot Live product lines, plus supporting map data, software tools and professional services….

12/2/2011 – Fuso Shows Electric, Hybrid Trucks That Might Come to the States

The Tokyo Motor Show was the venue for introduction of a pair of hybrid-drive systems and a full-electric vehicle by Mitsubishi Fuso Truck Bus Corp.

While there are no plans to sell the trucks in the U.S., the systems or some of their components might someday appear in Freightliner and Western Star vehicles from Daimler Trucks North America, Mitsubishi Fuso’s sister company in the states….

12/2/2011 – FleetPride Acquires Greeley Truck Parts

FleetPride, Inc. has announced the acquisition of Greeley Truck Parts of Greeley, Colo….

12/1/2011 – 100,000 DD Engines and Counting

Detroit Diesel marked the production of the 100,000th engine to come off the DD Platform assembly line at its Redford, Mich., manufacturing facility….

11/30/2011 – Hino, Allison Sign Long-Term Exclusivity Agreement

Hino Trucks and Allison Transmission, Inc. have signed a multi-year agreement making Allison the preferred and exclusive transmission for all current and future Hino conventional trucks in the United States….

11/29/2011 – Men Versus Machine: World’s Strongest Athletes Battle Mack’s Titan

You don’t often see a Mack Titan on the end of a hook, but at The Met-Rx World’s Strongest Man competition, the hook is a place of honor….

11/29/2011 – Freightliner Trucks Announces Design Competition

Freightliner Trucks is opening its doors to fresh ideas through its “Design the Future of Pride Profit” truck design contest….

11/29/2011 – Cummins to Expand Test Center in North Carolina

Cummins says it will invest $24 million over three years to expand the research and development capabilities at its technical center in North Charleston, S.C. …

11/23/2011 – TCI Tire Centers Opens Two Locations

TCi Tire Centers has opened a new commercial service center in Irvine, Calif. while relocating and expanding its Tulsa, Ok. outlet….

11/23/2011 – Purolator Launches HD Filter Product Website

Purolator Filters’ new website is directed specifically to all those involved in servicing, and supplying filters for, heavy-duty vehicles….

11/22/2011 – DriveCam Accelerates Growth with New Funding and Strategic Acquisition

To continue funding rapid growth and market expansion, DriveCam, Inc. has entered into a definitive agreement to raise $85 million in investment capital from Welsh, Carson, Anderson Stowe XI, L.P….

11/22/2011 – Horton Marks 6 Million Fan Drives Produced at Britton, S.D., Plant

Horton’s Britton, S.D., plant celebrated the production of its six millionth fan drive on Nov. 15. The fan drive was manufactured for longtime Horton customer FleetPride, Inc. of The Woodlands, Texas….

11/21/2011 – Hornish Finishes 1st at Phoenix, 7th at Homestead, but Alliance Feels Its NASCAR Sponsorship is a Consistent Winner

Alliance Truck Parts hopes its NASCAR marketing involvement will help propel its growth, and believes it’s starting to see results, said John O’Leary, a senior vice president at Daimler Trucks North America who manages the builder’s aftermarket arm….

11/18/2011 – Aerofficient to Open Canadian Subsidiary

Aerofficient will open a Canadian subsidiary, Aerofficient Canada, Inc., to better serve the high demand from Canadian trucking companies. The facility will be headquartered in Windsor, Ont. …

11/18/2011 – Meritor Wabco Honored by Wabash National

Meritor Wabco Vehicle Control Systems recently received the 2011 Platinum Supplier Award from Wabash National Corp. It is the only supplier to receive this award for four consecutive years….

11/18/2011 – Cambridge Security Seals Launches U.S. Production

Cambridge Security Seals has completed its first month of shipping orders produced at its automated manufacturing facility in Pomona, New York….

11/18/2011 – Total Truck Parts enhances Senior Executive Management Team

Total Truck Parts, Inc. has added two of its key managers to its Senior Executive Management Team….

11/17/2011 – ‘Green for Free’ Financing Program from FCCC, Enova Will Make Electric Vans Easier to Buy

A “Green for Free” program from FCCC and Enova Systems allows fleets to purchase electric-drive walk-in vans for the cost of diesel-powered versions, then pay the electric’s extra cost with savings in fuel and maintenance….

11/17/2011 – Accuride Establishes Aluminum Wheel Capacity in Mexico

Accuride Corporation has completed its initial expansion of aluminum wheel production capacity in Mexico….

11/16/2011 – Freightliner Announces Sales Incentives for Business Class Models

Freightliner Trucks has announced its Work Smart Strong Finish Retail Sales program. It will be available beginning in Q4 2011….

11/16/2011 – Meritor Reports Increased Q4 Profits

Meritor Inc. released its fourth quarter report on Tuesday announcing a surge in profit for the quarter, driven mainly by continued strong commercial truck sales in all regions. Shares dropped 13 percent on the announcement signaling investors weren’t overly impressed with the results….

11/13/2011 – FedEx Express Orders ‘Reach’ Aero, Lightweight Walk-In Vans from Utilimaster, Isuzu

FedEx Express has placed a “large” order for the Reach commercial van put into production last month by Utilimaster Corporation and Isuzu Commercial Truck. The vehicles, which claim 35% better fuel economy than standard walk-in vans, are to be delivered to FedEx by the end of this year….

11/11/2011 – Smith Electric Vehicles to Go Public

Smith Electric Vehicles has filed a registration statement with the Securities and Exchange Commission for an initial public offering, which according to some published reports could raise $125 million….

11/10/2011 – Cummins to Offer Urea Dosing for Asian, Russian Markets

Cummins Emission Solutions, a division of Cummins Inc., is in the advanced development stages of a new urea dosing system – the EcoFit Urea Dosing System….

11/10/2011 – Volvo Sets Goals to Increase Operating Margin

Growth potential in Volvo Group’s existing business, combined with higher cost efficiency, give the company the potential to increase its operating margin by at least 3 percentage points, according to President and CEO Olof Persson….

11/9/2011 – Wabash National Recognizes Outstanding Suppliers

Wabash National recognized key suppliers during its annual supplier conference. Sixteen awards were presented to the company’s top suppliers who went above and beyond to meet increasing customer demand and maximize productivity….

11/9/2011 – Yara Opens New DEF Terminal in Houston

Yara North America Inc. has opened a new Diesel Exhaust Fluid storage terminal in Houston, Texas, with the arrival of its first shipment of Air1 DEF from the company’s plant in Sluiskil, Netherlands….

11/9/2011 – Daimler Trucks North America Delivers 1,000th Natural Gas Truck

Daimler Trucks North America delivered its 1,000th natural gas truck. It says it’s the first commercial vehicle manufacturer to achieve such a milestone….

11/9/2011 – The Bulldog Brings Holiday Cheer to Our Nation’s Capitol

A cheerfully decorated Mack Pinnacle model is trekking cross-country this holiday season with a 65-foot white fir tree in tow. Destination: Washington, D.C….

11/4/2011 – Cummins Reports Strong Q3 Earnings, Predicts Record Year in 2011

Cummins Inc. is reporting strong sales and earnings for the third quarter. Third quarter sales were $4.6 billion, a 36% increase from the same period in 2010. All segments delivered double-digit growth over the prior year, Cummins indicated in it’s third-quarter report….

11/4/2011 – Navistar Adds Rand McNally IntelliRoute TND GPS Devices to International Trucks

Rand McNally and Navistar have reached an agreement to make Rand McNally’s IntelliRoute TND truck GPS units available as an in-dash option in International trucks beginning January 2012….

11/4/2011 – Love’s Travel Stops Opened Nine Truck Tire Care Centers in October

Love’s plans to add 50 truck tire care centers to current locations as a part of their 2011 planned capital expenditures of $230 million. All new Love’s locations will be built with a Love’s Truck Tire Care center onsite….

11/3/2011 – Isuzu Production Begins of Reach Walk-In Van

Production of Isuzu’s new Reach walk-in cargo van has begun at Utilimaster’s assembly facility in Wakarusa, Ind. Utilimaster guided the development of the Reach’s aerodynamic shape and use of composite materials to improve fuel efficiency and reduce interior noise….

11/1/2011 – J.B. Hunt Transport Selects CSS for Drug and Alcohol Consortium Services

Compliance Safety Systems has been selected by JB Hunt Transport Services, Inc. to offer drug and alcohol consortium services to carriers providing contracted services to J.B. Hunt….

10/31/2011 – Fontaine Modification Showcases Advanced Engineering Technologies on New Website

Fontaine Modification Company has redesigned and updated its website to highlights the company’s unique Innovation Model. The site features an in-depth summary of how the company designs and develops effective engineering solutions that meet safety and regulatory standards for its customers….

10/28/2011 – Microturbine Series Hybrids Under Test by Kenworth, Peterbilt

A California turbine manufacturer is working on Class 7 and 8 turbine-electric series-hybrid trucks with Kenworth and Peterbilt. One concept truck is running and the other is being assembled….

10/28/2011 – Customers Value Engine Reliability, Rank Hino, Cummins High in J.D. Power Survey

Quality and reliability are the most important aspect of overall customer satisfaction, and Hino and Cummins scored first and second, respectively, in J.D. Power and Associates’ 2011 U.S. Medium-Duty Truck Engine and Transmission Customer Satisfaction Study released this week….

10/28/2011 – Freightliner Trucks Releases 2012 NASCAR Hauler Calendar

Freightliner Trucks’ 2012 Official NASCAR Hauler calendar features many of the NASCAR teams and their fleets, shown in bright vibrant colors….

10/27/2011 – Freightliner Trucks’ 2012 Calendar Now Available

The 2012 Freightliner Trucks calendar showcases a variety of on-highway and vocational Freightliner models from unique angles, bringing a different truck to life each month….

10/27/2011 – Eaton UltraShift Plus Now Available in Western Star Trucks

Eaton’s UltraShift Plus automated transmission is now available for all Detroit Diesel DD13-equipped Western Star 4900 day-cab configuration truck models….

10/26/2011 – Paccar Reports Record Quarterly Revenue, Doubles Net Income

Paccar reported the highest quarterly revenues in its history and doubled its net income in the third quarter of 2011. …

10/26/2011 – Cummins’ Strong Sales, Earnings, Head for ‘Best Year Ever’

Cummins reported strong third quarter sales growth and earnings, and is headed for “its best year ever,” said Tim Solso, chairman and CEO. Sales were $4.6 billion, up 36% from the same period last year….

10/26/2011 – Utilimaster, Isuzu Begin Production of Lightweight, Aerodynamic Reach Walk-In Van

Production has begun on the Reach lightweight, aerodynamic walk-in van, said the two companies involved. Utilimaster Corp. is assembling the vehicle and Isuzu Commercial Truck of America provides the chassis. …

10/25/2011 – Eaton Reports Per-Share Earnings Increase 37 Percent on 15 Percent Revenue Growth

Eaton Corporation posted record net income per share of $1.07 for the third quarter of 2011, an increase of 37 percent over the $0.78 earned in the third quarter of 2010….

10/24/2011 – Morgan Olson Walk-in Vans Selected for the 2011 National Truck Driving Championships and North American Inspectors Championship

The walk-in vans used during the driver safety and skills competition were provided Morgan Olson. Considered the “Super Bowl of Safety,” the competition is open to step van drivers in any industry….

10/24/2011 – Bendix Spicer Foundation Brake Awarded for Facility Expansion

Job growth at the Bendix Spicer Foundation Brake LLC wheel-end production facility in Bowling Green, Ky., earned the company a 2011 Business Expansion Award from the Bowling Green Area Chamber of Commerce….