Sale to Danaher

Technology & Services
Sale to Danaher

Summary

Baird served as the exclusive financial advisor to Navman Wireless

About

Navman Wireless (“Navman” or the “Company”), owned by Management and Prairie Capital, recently completed its sale to Danaher Corporation (“Danaher”) (NYSE: DHR). Terms of the transaction were not disclosed.

Navman Wireless is a global Software-as-a-Service (“SaaS”) provider of GPS-based fleet optimization products and services, including real-time vehicle tracking and analytics that enable companies to track, monitor and communicate with their mobile and fixed equipment assets. The Company's technology currently monitors approximately 175,000 vehicles and assets worldwide, making Navman one of the world's largest fleet management providers with coverage on five continents. The Company is headquartered in Glenview, Illinois, with operations in the United States, Mexico, U.K., Taiwan, China, Chile, New Zealand and Australia.

Prairie Capital is a Chicago-based private equity firm focused on facilitating ownership transitions for lower middle market companies and corporate carve-outs. Prairie Capital is typically the first institutional investor in these entrepreneurial companies, with an aim toward growing and professionalizing the businesses. Prairie Capital was founded in 1997 and is currently investing out of its $300 million fifth fund.

For additional information about this transaction, please contact:

Joel Cohen (312) 609-4924
John Moriarty (650) 858-3811
Chris Coetzee (312) 609-4913
Adam Czaia (414) 298-7358
Yong-Jae Kim (312) 609-4939
Jonathan Harrison +44 (0) 207 667 8414
Technology & Services
Sale to Danaher
Date
January 2013
Company
Navman Wireless
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

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