Omnitracs Completes Acquisition of XRS Corporation

November 3, 2014  - By
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Omnitracs LLC, a provider of fleet management solutions to transportation and logistics companies, has completed the acquisition of XRS Corporation for $178 million. XRS is a provider of mobile-based solutions 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, Omnitracs said. 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, the company said.

“This acquisition exemplifies Omnitracs’ commitment to delivering solutions that translate into real value and a true competitive advantage for customers,” said John Graham, CEO 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 1,000,000 mobile assets in 63 countries.

Omnitracs Outlook 2015. In related news, registration is now open for Omnitracs’ first joint user conference — Omnitracs Outlook 2015 — which takes place February 8-11, 2015, in Dallas, Texas.

Omnitracs Outlook 2015 will unite fleet customers of Omnitracs and its business units Roadnet, Sylectus, and Omnitracs Analytics (formerly FleetRisk Advisors). The conference will bring together fleet executives, managers, power users, product experts, specialized technology providers and industry opinion leaders for educational, networking and peer-to-peer sessions designed to help fleets improve operational efficiency, safety and regulatory compliance.

“With just a few months until this ‘don’t miss’ event, we look forward to bringing together our customers from across all Omnitracs business units for an opportunity to learn about the company’s strategic vision, product roadmap and more,” said John Graham, CEO of Omnitracs. “We’re thrilled to have this opportunity to host everyone in our new hometown, Dallas, and look forward to the unparalleled networking and education sessions at Outlook 2015.”

The sessions at Omnitracs Outlook 2015 will include product-specific breakouts targeted to users of Omnitracs, Roadnet, Sylectus and Omnitracs Analytics; cover the latest transportation and logistics technology trends; and highlight user case studies. Peer-to-peer networking opportunities and the technology expo, featuring integration partners and hands-on solution demonstrations, will deliver additional value to conference participants.

Interested sponsors and exhibitors should contact events@omnitracs.com.

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