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Following the acquisition, didBOX will operate as a wholly-owned subsidiary of I.D. Systems.
Deal Type Acquisition Sub-Category 100% Acquisition Deal Status Completed: 2009-10-19
Deal Participants
Target (Company) didBOX Limited Acquirer (Company) I.D. Systems, Inc.
Deal Rationale
The acquisition will provide I.D. Systems with an operation targeting the UK vehicle access control market, complements I.D. Systems' European subsidiary, Dusseldorf-based I.D. Systems GmbH, and enable I.D. Systems to supply a more comprehensive family of products to meet a broader range of client requirements.
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