Fleet Complete buys ITmobile

Fleet Complete, a portfolio company of Madison Dearborn Partners, said Thursday it acquired ITmobile. Financial terms weren’t announced. ITmobile, of Toronto, Ontario, Canada, provides fleet telematics and mobile workforce technology.


TORONTO, ONTARIO – January 7, 2016 — Fleet Complete, one of North America’s fastest-growing providers of fleet
telematics and mobile workforce technology, announced today that it has acquired leading Dutch fleet telematics
company ITmobile. Founded in 2000, ITmobile provides nearly 1,000 customers primarily in the Benelux region, with
advanced fleet, asset and mobile worker technology to optimize productivity, safety and compliance. The
acquisition will serve as a base for Fleet Complete’s high-growth model in Europe, while also providing geographical
expansion opportunities to both Fleet Complete and ITmobile’s product suites. Terms of the transaction were not

“We are excited about the transaction and look forward to working closely with our ITmobile team in the
Netherlands, Belgium and Luxemburg to accelerate our collective growth and Fleet Complete’s European
expansion.” said Tony Lourakis, CEO of Fleet Complete. “ITmobile has a long track record of providing its customers
with superb technology and services. As part of Fleet Complete, ITmobile will build upon its distinguished
performance. I am also delighted to welcome ITmobile’s founders, Harald Treur and Klaas Collet, to Fleet Complete
and am thrilled to partner with them. ”

ITmobile’s advanced software systems provide reliable, factual data to its customers, enabling organizations to be
more transparent and efficient. Combined, Fleet Complete and ITmobile have over 230 employees, 7,000 customers
and more than 140,000 subscribers across 5 countries.

“The combination of Fleet Complete and ITmobile brings together two strong companies with exceptional product
suites and technology capabilities,” said Harald Treur, President and co-founder of ITmobile. “We share common
values, similar cultures and together we will accomplish more than either company would on their own. Both Fleet
Complete and ITmobile value taking amazing care of their customers, investing in innovation and being a great place
to work. We are thrilled to be part of the Fleet Complete team and look forward to thriving together.”

The transaction was funded through equity investment from the management teams at Fleet Complete and
ITmobile as well as Madison Dearborn Partners (MDP), a leading private equity firm that purchased majority control
of Fleet Complete in 2014. The acquisition of ITmobile marks the second acquisition for Fleet Complete since MDP’s
initial investment.

About Fleet Complete

Based in Toronto, Ontario, Canada, Fleet Complete (FC) is a leading global provider of mission-critical fleet, asset
and mobile workforce management solutions to over 6,000 customers worldwide. The Fleet Complete platform
harnesses state-of-the-art technology to enable clients to monitor the real-time locations of their fleets, mobile
workers and valuable assets and to capture important data that can significantly contribute to their operating
success. FC is one of the fastest growing companies in North America and has won numerous awards for innovation
and growth since its inception in 2000. For more information, please visit www.fleetcomplete.com.

About ITmobile
Based in the Netherlands and Belgium, ITmobile is an innovative fleet telematics company with nearly 1000
customers throughout Western Europe. ITmobile is known for its cutting edge product portfolio, providing 100%
reliable, factual data to organizations and helping them be more transparent and efficient. For over 15 years,
ITmobile has been focused on superb customer experience and innovation, developing the world’s first auto-

functioning time registration app and fleet sharing technology such as TANC. For more information, please