M&A Transaction Multiples - Fleet Management Solutions (FMS)

Epsilon Research is an independent research and financial analysis bureau, and the reference source of transaction multiples for the valuation of private companies through its EMAT database.

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This report is accessible on EMAT, the reference database for private company acquisition multiples

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EPSILON M&A DEAL REPORT

Transaction Multiples for the Valuation of Private Companies

Trafficmaster / Fleet Management Solutions (FMS)

No EMAT : 21206

Announced Date : 18/01/2010

Type : Acquisition of Majority Stake

Deal Value : Yes

Acquirer : Trafficmaster

Target : Fleet Management Solutions (FMS)

Country : United States

Sector of activity :

Technology Hardware & Electronic Equipment > Telecommunications equipment
Technology Hardware & Electronic Equipment > Electronic Equipment (for corporates) > Electronic Security Systems
Electrical / Electronic Equipment > Electronic Equipment > Electronic Security Systems

Business Description :

Established in 2004, FMS is a provider of satellite-based tracking solutions for remote-based mobile assets, delivering a mobile resource management system . Solution is based on communications...

Transaction multiples available

	EV/ Sales	EV/ Gross Profit	EV/ EBITDA	EV/ EBIT	Eq/ PBT	P/E	Price to Book	Specific multiple(s)
Historic		-	-	-	-	-	-	-
Current	-	-	-	-	-	-

Rating :

	Multiple available
n.s.	Multiple calculated, but not significant

Source: Epsilon Research / EMAT

Comparable Transactions

Number of EMAT Reports / sub-sector « Telecommunications equipment » = 60
Number of EMAT Reports / sub-sector « Electronic Security Systems » = 21
Number of EMAT Reports / sub-sector « Electronic Security Systems » = 26

Example of comparable transactions on EMAT (same sub-sector):

14/06/2010

Standard Microsystems (SMSC)

Wireless Audio IP (trading as STS)

Netherlands

21214

12/01/2010

Oddo Corporate Finance

Radiall

France

21322

Source: Epsilon Research / EMAT