Hughes Hubbard & Reed LLP represented Spireon in the transaction.
CalAmp (Nasdaq: CAMP) and Spireon executed the acquisition of the LoJack® U.S. Stolen Vehicle Recovery (SVR) business from CalAmp. The integration of the LoJack U.S. business bolsters Spireon’s position as the leading provider of aftermarket telematics for automotive dealers, while supporting CalAmp’s focus on its strategic global software-as-a-service (SaaS) initiatives.
Founded in 2002 and headquartered in Irvine, Calif., Spireon creates connected vehicles by equipping cars, trucks, trailers and other mobile assets with GPS devices and sensors. The company also collects data from vehicles for almost 4 million active subscribers, including new and used car dealers, lenders and financial institutions, as well as rental car agencies and consumers.
CalAmp is a technology provider transforming the mobile connected economy. The company is also based in Irvine, Calif. and has been publicly traded since 1983.
The HHR team advising Spireon was led by Partner Chuck Samuelson (Picture) and associate Brandon Gershowitz, which also included partners Andy Braiterman, Spencer Harrison and Patrice Jean; counsel Carol Remy; and associates Justin Cohen, Ashley Hamilton, Andrew Herman and David Lansky.
Involved fees earner: Ashley Hamilton – Hughes & Hughes Abogados; Andy Braiterman – Hughes Hubbard & Reed; Justin Cohen – Hughes Hubbard & Reed; Brandon Gershowitz – Hughes Hubbard & Reed; Spencer Harrison – Hughes Hubbard & Reed; Andrew Herman – Hughes Hubbard & Reed; Patrice Jean – Hughes Hubbard & Reed; David Lansky – Hughes Hubbard & Reed; Carol Remy – Hughes Hubbard & Reed; Charles Samuelson – Hughes Hubbard & Reed;