Omnitracs has completed its previously announced acquisition of XRS Corp. for approximately $178 million.
Omnitracs said it acquired XRS to “strengthen its core technology portfolio, adding complementary solutions designed to help fleets solve critical business problems.”
“This acquisition exemplifies Omnitracs’ commitment to delivering solutions that translate into real value and a true competitive advantage for customers,” said John Graham, CEO of Omnitracs. “By integrating XRS into the Omnitracs portfolio of businesses, we can now offer fleets an extended array of industry-leading solutions, helping fleets make intelligent decisions that positively impact all aspects of their operations.”
Together, Omnitracs and XRS will provide end-to-end fleet management solutions to more than 30,000 customers with nearly 1 million mobile assets in 63 countries.