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Texada Software Acquires LogiMove, Bolsters Equipment Rental Management Platform

September 06, 2022, 07:13 AM
Filed Under: Mergers & Acquisitions

Texada Software, a software platform for the equipment dealer and rental industry, announced it has acquired LogiMove CheckMobile Global. LogiMove is known for its next-generation mobile no-code/low-code applications for operations and field services in the equipment industry. With this acquisition, Texada adds a powerful new component to its platform which integrates equipment dealers' and rental companies' back offices with both their service and maintenance operations, and with their sales and e-commerce.

LogiMove, based in Reno, NV, and Hamburg, Germany, is a no-code/low-code application for digitizing and optimizing field operations for heavy equipment dealers and rental companies. LogiMove's tools are used by industry-leading companies to create fully customizable process solutions that automate field tasks, like inspections, without the need for complex coding.

"This is an extremely exciting time for Texada. The addition of the LogiMove solution to Texada's platform enables us to provide an entirely new set of integrated field solutions helping our customers automate otherwise very time-consuming tasks," said Matt Harris, Texada CEO. "Importantly, LogiMove is a proven product being used innovatively by some of the world's largest rental companies. Adding LogiMove to Texada will be a game changer for our customers and for the equipment rental and dealer market in general."

"The heavy equipment rental and dealer markets are ripe for innovation since much of the software in use today dates back to the '80s and '90s, with cumbersome processes and poor customer experience. The Texada platform and broad customer base combined with LogiMove's mobile-first customer-centric applications make this the most exciting offering in the industry. I am thrilled to have the opportunity to be part of creating this future," said Philipp Weirauch, founder of LogiMove.

The Texada platform provides customers with a complete solution for managing equipment rental businesses and equipment assets themselves. Texada solutions integrate an equipment rental company's back office with its field operations, customer acquisition, and payments, enabling rental companies to have end-to-end control and visibility into their business. LogiMove brings new integrated capabilities enabling powerful field applications such as AI-driven automated pre- and post-rental equipment inspections which demonstrably improve customers' inspection accuracy and recovery of damage charges.

"There is a large need in the equipment dealer and rental markets for easy-to-use, modern, cloud-based software and we're excited to acquire such a complementary platform as well as the talented LogiMove team to build a market leader," said Hugh Kirkpatrick, Vice President at Banneker. "We know an integrated low-code/no-code solution will add tremendous value for our customers and we look forward to investing in a shared vision to digitize and transform the equipment industry."

Banneker Partners invests in growing enterprise software businesses to drive sustainable long-term value.

Texada Software offers SaaS and mobile applications for equipment rental companies, equipment dealerships, construction companies, general contractors and equipment operators, including mechanics, logistics managers, and service technicians.

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