Deal Diary

Welcome to Acquisition International’s Deal Diary, the place where we showcase exciting deals from across the globe. With each diary entry, we’ll be taking a comprehensive look at the inner workings of the deal in question and will be venturing behind the scenes to take a look at the dedicated professionals involved in ensuring its success.

Here you will discover the most active deal makers and a comprehensive catalogue of the transactions they have been involved with.

Tier 1: The Website - Go live worldwide within 24 hours!

Within 24 hours of booking, we'll upload your deal and company profile - including contact details and links to your homepage - right here on our site, putting you and your firm in front of
40,000 visitors every month!

You will, of course, get a full company bio, including your contact details and fully clickable links direct to your website, and to make sure the people who matter will be able to find every deal you and your firm have been involved in at the click of a button, all of the deals posted on the Deal Diary site are incredibly easy to search by firm name, individual name, sector or region. We even have an automatically updated deal leaderboard (right). 

Tier 2: The Newsletter - Direct to 108,000 subscribers!

Your involvement in the deal will be featured on our weekly Deal Round-Up newsletter,  published via email every Thursday to a global audience of  108,000. Your deal write-up will also include hyperlinked images and logos, taking readers straight to your homepage. That’s a potential 108,000 clicks every month!

Tier 3: The Publication - Sent to 108,000 people in 170 countries!

The deal and your involvement will appear in the Deal Diary section of our monthly magazine, distributed to 108,000 people in 170 countries around the world. This is where you can tell us all about the deal and how you made it happen, providing the perfect opportunity to shout about your firm’s experience, expertise and the great work you’ve been doing.

GO

Polaris Acquires Timbersled
April 23, 2015
Berkshire Hills Completes Hampden Bancorp Acquisition
April 22, 2015
Liberty Global’s Subsidiary Telenet to Acquire BASE
April 22, 2015
Acton Mobile Acquires Mobile Mini’s Mobile Office Fleet
April 22, 2015
Silver Bay Realty Trust Buys 2,373 Properties in USD 252.2m Deal
April 22, 2015
Xplore Agrees to Purchase Motion Computing
April 22, 2015

Xplore Agrees to Purchase Motion Computing

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Acquirer

Target

Xplore Technologies Corp. (NASDAQ: XPLR) (“Xplore” or the “Company”), a manufacturer of award-winning rugged tablet PCs, announced today that it has agreed to acquire substantially all of the assets of Motion Computing, Inc. and its subsidiaries (“Motion”).

Motion, another Austin, TX-based leader in the rugged tablet space, is currently the #2 provider worldwide of rugged tablet PCs, according to VDC.

“The acquisition of Motion is consistent with our goal to establish the best and broadest line of rugged tablets for the enterprise market,” said Philip Sassower, chairman and CEO of Xplore. “Motion represents a unique opportunity for Xplore to acquire an Austin-based company with deep industry domain expertise and that possesses products and channels complementary to our own. Together we will address a broader range of customer needs and provide a ”˜one-stop shop' for rugged tablets.”

“Nearly fifty percent of Motion revenue comes from outside the United States,” said Mark Holleran, president and COO of Xplore. “Leveraging the mature distribution channels that Motion has developed over the last 10 years, Xplore will significantly expand its international reach. We are particularly excited to include in our offering Motion's R12, which was recently named by PC Magazine as Editor's Choice for Rugged Windows Tablet PC. Its 12.5” LCD form factor has been very successful in law enforcement and manufacturing markets and is just one example of the expanding market in which Xplore will now participate.”

“Motion is excited about what this combination brings to its customers and business partners,” said Peter Poulin, CEO of Motion. “The capital backing of Xplore supports a robust product pipeline and customer service capabilities that are critical to enterprises with whom Motion has had long standing relationships.”

“Xplore has a proven track record in focusing its resources to generate sustainable growth,” said Mike Rapisand, CFO of Xplore. “After a successful recapitalization and offering in 2012, we invested cash to significantly expand our addressable market, revenue and EBITDA. Our executive management team has over 200 years' combined experience in managing companies like Xplore and Motion, and we are confident that the two business will be successfully integrated to deliver growth and value to all of our stakeholders.”

The transaction will be effected through an asset purchase and sale agreement by and among Xplore, Motion and Square 1 Bank. Xplore will acquire Motion for approximately $9 million, plus the assumption of approximately $7 million in net liabilities. The closing of the transaction is expected to occur on or about April 17, 2015 and is subject to numerous conditions, including the receipt of financing and third party approvals and the satisfaction of customary closing conditions. Xplore intends to consummate the transaction using proceeds from a new $15 million credit facility with Square 1 Bank and to support integration and growth of the two businesses with its cash on hand.

In its most recent fiscal year ended December 31, 2014, Motion's unaudited revenue was approximately $83 million, its unaudited gross margin percentage was approximately 25% and its unaudited net loss was approximately $7 million. Xplore intends to file a current report on Form 8-K on or about June 30, 2015 that will include Motion financial statements, as well as historical pro forma financial information for the combined businesses.

Coca-Cola to Acquire Chinese Beverage Firm for $400.5 Million
April 22, 2015
Equistone Partners Europe Closes Fund V at €2bn Hard Cap
April 22, 2015
TJP Advised TTTech Computer Technology AG on Capital Increase of €50 million
April 20, 2015
Nokia Acquire Alcatel-Lucent
April 15, 2015
Motor Fuel Group acquires 90 Shell filling stations
April 15, 2015
One Sheldon Square Acquired for £210 million
April 15, 2015
Klass Capital Acquires Resolver Inc.
April 15, 2015
AVIC Acquires Fourth US Aviation Firm
April 15, 2015
BlackHawk Industrial buys Packaging Inc., Pioneer Tool Supply
April 15, 2015
Mountain Capital Acquires Zep
April 15, 2015
AIXTRON Acquires PlasmaSi
April 15, 2015
Alamos Gold, AuRico Gold merging in $1.5 billion deal
April 15, 2015
LinkedIn to Acquire lynda.com
April 14, 2015
Arctic Cat Acquires Motorfist
April 8, 2015
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