Omnitracs Completes XRS Acquisition
Omnitracs has completed its previously announced acquisition of XRS Corp. for about $178 million.
The transaction, first announced Sept. 2, adds mobile device-based software to Omnitracs’ lineup of onboard truck technology.
“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,” Omnitracs CEO John Graham said in the Nov. 3 announcement.
The acquired company’s current XRS platform runs on a variety of Android and Windows smart phones and tablets, and provides applications designed to improve fleet efficiency and compliance.
Graham has said the XRS software will complement Omnitracs’ existing MCP line of fixed-mount onboard systems and aid the company’s efforts to expand its reach to small and midsize carriers and private fleets.
With the addition of XRS, Omnitracs said it will provide fleet-management technology to more than 30,000 customers with nearly 1 million mobile assets in 63 countries.
The purchase of XRS, formerly known as Xata Corp., marks Omnitracs’ second major acquisition since its separation from Qualcomm Inc. last year. Vista Equity Partners purchased Omnitracs for $800 million in November 2013.
Last December, Omnitracs bought Roadnet Technologies, a provider of routing and fleet-management software to private fleets.
