Omnitracs Acquires XRS and 110k Extra Subscribers

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3Q 2014 | IN-1020239

Omnitracs Is Keeping the Industry on Its Toes

NEWS


In November 2013, Qualcomm sold Omnitracs to Vista Equity Partners, and then in December 2013, Omnitracs acquired Roadnet. In January 2014, Omnitracs sold its European subsidiary to Astrata and lost close to 40,000 subscribers. There was intense speculation in the industry and everyone was hedging their bets in terms of what Omnitracs would do next, but no one could have guessed this move of acquiring XRS. The purchase price is estimated to be US$178 million and should complete in 4Q 2014.

What Does XRS Bring to the Party

IMPACT


In the 2014 competitive assessment, Commercial Telematics (CA-1188), XRS scored well in various categories for “innovation;&rd...

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