Clarience Technologies, a global provider of visibility and safety technology solutions for transportation, has acquired Safe Fleet, a safety solutions provider for fleet vehicles, reinforcing the company’s mission to enhance safety, security, and productivity for customers across the industry.
According to Brian Kupchella, CEO of Clarience Technologies, the acquisition of Safe Fleet provides critical technologies, vocational segment expertise and a portfolio of complementary safety products that support the company’s vision to provide comprehensive solutions to a broader set of transportation customers around the world.
John Knox, chairman and CEO of Safe Fleet, said that employees, customers and partners will benefit from becoming a part of Clarience Technologies. He expressed excitement about joining their team of companies to expand global reach, accelerate innovation, and strengthen their safety mission.
Safe Fleet delivers safety solutions including fleet video and evidence management, collision prevention, violation detection, trailer temperature control, cargo storage systems, and other safety solutions. The company serves various industries, including school transportation, transit, fire and emergency, law enforcement, work truck, commercial transportation, logistics, construction, agriculture, waste and recycling, industrial, and military.
With the addition of Safe Fleet, Clarience Technologies now has a total workforce of over 4,000 employees at nearly 50 locations worldwide. Safe Fleet joins the Clarience Technologies team of companies, including Truck-Lite, ECCO, Code 3, Pressure Systems International, DAVCO, Road Ready, Fleetilla, LED Autolamps, Rigid Industries, and Lumitec.
The acquisition strengthens Clarience Technologies’ position in several industry segments and paves the way for cross-selling opportunities, increased innovation, and an enhanced customer value proposition. The company said it sees an opportunity to provide more complete solutions by connecting complementary safety and visibility technologies offered across its companies digitally through a common software platform, advancing safety and visibility.
UBS Investment Bank served as exclusive financial advisor to Clarience Technologies and Genstar Capital, while BMO Capital Markets and KKR Capital Markets served as capital markets advisors. Weil, Gotshal & Manges LLP served as legal counsel.
