Omnitracs announced it had agreed to acquire XRS Corp., Minneapolis, in a deal valued at $178 million. Approved unanimously by XRS’ board of directors, the deal is expected to be finalized by the fourth quarter of this year.
Pushing the Telematics Boundaries
Most large fleets have extensive experience with telematics: GPS location and mobile communications systems that collect data and communicate it back to a server where the fleet can access the information. As the amount and kind of data has increased in recent years, fleets have adopted tools to make sense of all that information and use it across their operation.
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