Friday, September 28, 2012
Savi Technology bought by LaSalle Capital affiliates
Logistics "informatics" company Savi Technology has been acquired by affiliates of LaSalle Capital of Los Angeles. Details of the transaction were not disclosed.
The purchase will allow Savi to play a bigger role in the global logistics market, according to Charles Meyer, president of LaSalle Capital. He said the acquisition presents an opportunity for the company to grow its international presence and offerings while remaining an independent business.
"Savi is continuing to support some of the world's most complex supply chain and logistics requirements," said William Clark, president and CEO of Savi Technology. "We are in the final stages of completing several new solutions that we expect to be introducing in the near future."
Logistics informatics is an emerging tech market focused on the location, security, condition, and business status of goods as they move across the globe. A core capability of logistics informatics is "sense and respond" technology, which wirelessly tracks and monitors assets.
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