Omnitracs Acquires XRS Corp.
Omnitracs LLC, San Diego, Calif., acquired XRS Corp., a provider of mobile-based, fleet management solutions based in Eden Prairie, Minn., for approximately $178 million.
The acquisition strengthens Omnitracs’ 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.
“This acquisition exemplifies Omnitracs’ commitment to delivering solutions that translate into real value and a true competitive advantage for customers,” says John Graham, chief executive officer 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.