Spireon Acquires LoJack

By Staff Writer March 17, 2021

CalAmp, a global technology solutions pioneer, and Spireon, the vehicle intelligence company, announced that Spireon has acquired the LoJack U.S. Stolen Vehicle Recovery business from CalAmp. The integration of the LoJack U.S. business bolsters Spireon’s position as a leading provider of aftermarket telematics for automotive dealers, while supporting CalAmp’s focus on its strategic global software-as-a-service (SaaS) initiatives.

“Spireon’s decision to acquire the LoJack U.S. business reinforces our longstanding commitment to deliver 24×7 asset visibility and actionable insights that boost profits, protect assets and increase safety and productivity,” stated Kevin Weiss, CEO of Spireon. “The combination of LoJack’s brand equity with Spireon’s modern technology and award-winning customer service and support creates a powerful platform for continued innovation for current and future auto dealers and consumers.”

With Spireon’s Kahu connected car technology, auto dealers realize a host of benefits including a profit center, improved customer experience, superior service retention, optimized lot management, and accelerated stolen vehicle recovery. The Kahu consumer app allows dealers to stay connected to customers after the sale and grow service revenue, with features including automated push notifications, click-to-call scheduling, and direct links back to the dealer’s website.

CalAmp will retain and continue to expand LoJack International, which operates as a subscription-based SaaS business, and CalAmp will also retain ownership of the LoJack patents and trademarks.

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Last modified on Thursday, 18 March 2021 16:57