Shearman & Sterling advised Vector Capital and Teletrac, Inc. on the sale of Teletrac, Inc., a leading GPS tracking and fleet management software company, to Danaher Corporation. The financial terms of the transaction were not disclosed.
Teletrac provides advanced GPS asset location, diagnostics, fuel efficiency, safety, compliance, scorecarding and business intelligence in a single powerful web interface.

Danaher is a Fortune 200, NYSE-listed, science and technology leader that designs, manufactures and markets innovative products and services to professional, medical, industrial and commercial customers.

Principal M&A lawyers involved in this transaction include partners Steve Camahort (San Francisco-Mergers & Acquisitions) and Dana Kromm (San Francisco-Mergers & Acquisitions) and associate Christine Huang (San Francisco-Mergers & Acquisitions). Other lawyers on this transaction include partners Beau Buffier (New York-Antitrust), Larry Crouch (Palo Alto-Tax), Richard Hsu (Palo Alto-Intellectual Property Transactions), and Patrick Robbins (San Francisco-Litigation); counsel Dan Stellenberg (Palo Alto-Executive Compensation & Employee Benefits), Eileen O’Pray (Palo Alto-Tax), and Benjamin Cheng (New York-Finance); and associates Kelly Karapetyan (New York-Antitrust), Mikael Abye (San Francisco-Litigation), Zheng Bao (Palo Alto-Intellectual Property Transactions), Benjamin Petersen (Palo Alto-Intellectual Property Transactions), Antonio Hererra Cuevas (San Francisco-Capital Markets), Joe Tucci (Palo Alto-Tax), Dana Lord (New York-Finance) and Sedina Aidam (London-Finance).