Omnitracs LLC, a provider of fleet management solutions to transportation and logistics companies, has completed the acquisition of XRS Corporation for approximately $178 million.
Nov. 4, 2014
Omnitracs LLC, a provider of fleet management solutions to transportation and logistics companies, has completed the acquisition of XRS Corporation (NASDAQ: XRSC) for approximately $178 million. XRS is a provider of mobile-based systems that enable trucking companies to manage fleets, comply with regulations, and reduce operating costs.
Omnitracs acquired XRS to strengthen its core technology portfolio, adding complementary solutions designed to help fleets solve critical business problems. The combined company will continue to deliver transportation management products and services that empower fleets to control virtually every aspect of their business, from improving safety to complying with industry regulations to enhancing productivity and profitability.
Together, Omnitracs and XRS will provide end-to-end fleet management solutions to more than 30,000 customers with nearly 1,000,000 mobile assets in 63 nations.
Omnitracs subsidiaries include Roadnet Technologies, Sylectus, and Omnitracs Analytics (formerly FleetRisk Advisors). Omnitracs is part of the Vista Equity Partners portfolio of companies. Go to www.omnitracs.com for more information.
Access www.xrscorp.com or call 1-800-745-9282 for more details about XRS.
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