May 24, 2022
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CalAmp acquires Synovia Solutions for $50 million

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Telematics company CalAmp announced its acquisition of Indianapolis startup Synovia Solutions in a $50 million all-cash deal, expanding its reach in vehicle tracking for commercial and government fleets. Synovia largely provides fleet management services for more than 125,000 vehicles, including K-12 buses and other state and local government systems, as well as a smartphone app…

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