Locus sold to Enghouse Systems

Leading provider of fleet management solutions

Headquartered in Norway, Locus is a leading supplier of fleet management solutions for the Public Safety and Transport & Logistics (including Security) sectors in the Scandinavian market.

The Company is a clear market and technology leader in Norway. It dominates the Public Safety sector in the country, where its products are installed in all police cars, ambulances, rescue helicopters and fire brigades.

Locus’ transportation, logistics and M2M products are also well established in these markets. The Company has offices in Norway, Sweden, and Denmark.

Strengthening global powerhouse Enghouse’s fleet management capabilities

Locus was acquired by Enghouse Systems from Finnish mid-market private equity house CapMan, for a purchase price of USD 14m.

Enghouse Systems, listed on the Toronto Stock Exchange, is a Canada-based, leading global provider of enterprise software solutions serving a variety of vertical markets.

The acquisition significantly strengthens and broadens Enghouse’s capabilities in the fleet and transport management space.

In addition, Locus is a clear market and technology leader in Norway with emerging positions in other markets which Enghouse Systems intends to leverage in the future.

GCA Altium acted as sole advisor to the sellers.

Related Transactions

GCA is a trade name for GCA Corporation and its subsidiaries and other affiliates which include:

• GCA Advisors, LLC, a Delaware limited liability company, registered broker-dealer and FINRA (www.finra.org) and SIPC member firm (www.sipc.org). GCA Advisors, LLC provides independent financial advice on matters related to Mergers & Acquisitions, Debt Capital Markets, Recapitalization & Restructuring, Cross Border and Strategic Alliances, Special Committees, Private Funds, Private Placements and Venture Support. Check the background of GCA Advisors, LLC on FINRA’s BrokerCheck (brokercheck.finra.org).
• GCA Altium Limited, a company providing financial advisory services in the UK, Switzerland, Germany, Italy and Israel and incorporated under English law, is authorized and regulated by the Financial Conduct Authority in the United Kingdom and provides independent financial advice on matters related to Mergers & Acquisitions, Debt Capital Markets, IPOs, Recapitalization & Restructuring, Cross Border and Private Placements.
• GCA Corporation, a company incorporated in Japan which provides financial advisory services on matters related to Mergers & Acquisitions, Cross Border, Private Placements & IPOs, Growth Strategy Services, and Post-Merger Integration.
• GCA China Company, Limited, a company incorporated in Shanghai which provides financial advisory services in China on matters related to Mergers & Acquisitions, Cross Border, Mezzanine Financing, Growth Strategy Services, Due Diligence and Post-Merger Integration.
• GCA India Company, Limited, a company incorporated in Mumbai which provides financial advisory services in India on matters related to Mergers & Acquisitions, Cross Border, Mezzanine Financing, Growth Strategy Services, Due Diligence and Post-Merger Integration.
• AMPLIA, a subsidiary of GCA Corporation in Japan, provides Venture Support services in Japan and the US.
• GCA FAS, a subsidiary of GCA Corporation in Japan, provides Due Diligence advisory services and M&A transaction services.
• MCo Corporation, a subsidiary of GCA Corporation in Japan, provides Mezzanine Financing in Japan.