Noble Iron sells Texada Software

By Murray Pollok21 April 2022

Noble Iron Inc is to sell its Texada Software subsidiary to Canadian private equity firm BP Canada for US$37.2 million. BP Canada is part of the US-based private equity fund Banneker Partners.

Noble iron

The deal includes the sale of Texada’s Australian division to a BP affiliate in Australia for $1 million. Noble Iron will also invest $4.2 million in BP.

As part of the agreement, Noble’s subsidiary, Rent OnTheDot Inc, has agreed not to compete in the rental software business in North America, Australia or New Zealand for five years.

Texada Software has launched FleetLogic, a new asset tracking and data management tool Texada Software’s FleetLogic asset tracking and data management tool.

Noble Iron offers software applications and services to construction, industrial and other equipment rental companies to manage their business and assets’ life cycle.

Its business includes RentOnTheDot Inc, which offers real time online rental reservation technology to equipment rental businesses.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Warren Access celebrates 10 years with new depot
UK rental company expands into state-of-the-art southern depot, marking 10 years in the area
IC100 – Enter now
Enter your information now to be ranked in the world’s top 100 crane companies
IRN100 survey: submit your data for 2022
11 April deadline for IRN100 submissions
CONNECT WITH THE TEAM
Ollie Hodges Publisher Tel: +44 (0)1892 786253 E-mail: ollie.hodges@khl.com
Belinda Smart
Belinda Smart Editor Tel: 44 (0)1892 786209 E-mail: belinda.smart@khl.com
CONNECT WITH SOCIAL MEDIA