Telular Corporation, a global technology leader and provider of IoT (Internet of Things) solutions for commercial telematics, security, and bulk storage management, today announced that it has acquired SMARTLogix, a leading provider of petroleum management, inventory and transportation logistics solutions. SMARTLogix, headquartered in Fort Mill, South Carolina, has been a long time partner of Telular and an exclusive provider of Telular’s tank monitoring solutions to the petroleum distribution industry. As a result of the acquisition, SMARTLogix is now part of Telular’s SkyBitz division, the leader in remote asset tracking and Telular’s flagship brand for its growing commercial telematics service offering. Telular is a portfolio company of Avista Capital Partners.
“We are excited to add SMARTLogix to Telular’s SkyBitz portfolio and to offer a powerful platform for petroleum distributors to better manage their fleets and drive significant cost savings across their entire operation,” said Doug Milner, CEO, Telular Corporation. “SMARTLogix’ SMARTruck and SMARTank fleet applications are ideal additions to SkyBitz’ growing suite of solutions that offer our customers significant ROI benefits along with new and unique insights into their operations.”
“It is no coincidence that the acquisition of SMARTLogix comes on the heels of the successful acquisitions of GPS North America and Reltima, two leading commercial telematics companies in the local fleet management market. Through these strategic acquisitions, Telular is now poised to be a leader in commercial telematics,” said Brendan Scollans, Partner of Avista Capital Partners. “SMARTLogix and SkyBitz are highly complementary and Avista looks forward to supporting further expansion of the telematics portfolio.”
SMARTLogix transportation logistics software offers petroleum distributors a feature-rich, real-time solution for processing orders, managing dispatch functions, digitally capturing delivery information, and real-time truck, driver, and product GPS tracking. SMARTLogix’s primary market is the petroleum logistics business in North America and Canada. Customers are distributors of petroleum products (bulk fuels, lubes, and used oil) as well as commercial and transportation fuel end users.
“We are thrilled to join Telular and to become part of the SkyBitz business. Both companies place heavy emphasis on continuous innovation and products and services that can deliver huge operating benefits to our customers. Our combined strengths and technical resources will allow us to accelerate new applications and solutions into the market,” said Rick Martin, founder and CEO of SMARTLogix.
SMARTLogix was advised by Godfrey & Kahn, S.C. Avista Capital Partners and Telular were advised by Kirkland & Ellis LLP.