Safe Fleet

Clarience Technologies acquires Safe Fleet

Feb. 16, 2024
The acquisition expanded Clarience Technologies' safety portfolio and expanded the company's reach in multiple segments, including law enforcement, waste, and transit

Clarience Technologies acquired Safe Fleet, expanding the company’s capabilities in the safety, security, and productivity technology segment.

“Clarience Technologies and Safe Fleet share a common mission of making transportation safer and smarter through technology,” said Brian Kupchella, chief executive officer of Clarience Technologies. “The acquisition of Safe Fleet provides our company with critical technologies, deep vocational segment expertise, and a portfolio of powerful and complementary safety products that support our vision to provide comprehensive solutions to a broader set of transportation customers around the world.”

The acquisition of Safe Fleet increases Clarience Technologies’ total workforce to over 4,000 employees at nearly 50 locations worldwide. Safe Fleet joins the Clarience Technologies team of companies, which includes Truck-Lite, ECCO, Code 3, Pressure Systems International, DAVCO, Road Ready, Fleetilla, LED Autolamps, Rigid Industries, and Lumitec.

“Safe Fleet employees, customers, and partners will benefit from becoming a part of Clarience Technologies,” said John Knox, chairman and CEO of Safe Fleet. “We look forward to joining their team of companies, where together we will expand global reach, accelerate innovation, unlock new benefits for customers and strengthen our safety mission.”

The Safe Fleet product portfolio includes technology-enabled solutions for fleet video and evidence management, collision prevention, violation detection, and trailer temperature control, as well as cargo storage systems and several other safety solutions. Clarience Technologies will also have access to Safe Fleet’s network of service centers and affiliates across North America.

Read more: Clarience Technologies acquires P.S.I.

With Safe Fleet, Clarience Technologies strengthens its position in several industry segments, including school transportation, transit, fire and emergency, law enforcement, waste, industrial, and recreational vehicles. The acquisition also paves the way for cross-selling opportunities and increased innovation.

 In particular, Clarience Technologies noted in a press release that the company’s acquisition will allow it to provide more complete solutions by connecting select complementary safety and visibility technologies through a common digital software platform, forming a digital ecosystem that advances safety and visibility.

UBS Investment Bank served as exclusive financial advisor to Clarience Technologies and Genstar Capital, BMO Capital Markets and KKR Capital Markets served as capital markets advisors and Weil, Gotshal & Manges LLP served as legal counsel.

About the Author

TBB Staff