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M&A Deal Summary

Omnitracs Acquires SmartDrive Systems

On September 9, 2020, Omnitracs acquired information technology company SmartDrive Systems

Acquisition Highlights
  • This is Omnitracs’ 1st transaction in the Information Technology sector.
  • This is Omnitracs’ 5th transaction in the United States.
  • This is Omnitracs’ 1st transaction in California.

M&A Deal Summary
Date 2020-09-09
Target SmartDrive Systems
Sector Information Technology
Buyer(s) Omnitracs
Deal Type Add-on Acquisition
Advisor(s) PJT Partners (Financial)
Pillsbury Winthrop Shaw Pittman (Legal)

Target

SmartDrive Systems

San Diego, California, United States
SmartDrive Systems gives fleets and drivers unprecedented driving performance insight and analysis, helping save fuel, expenses, and lives. Its video safety, predictive analytics, telematics, compliance, and personalized performance program help fleets improve driving skills, lower operating costs and deliver significant ROI. With an easy-to-use managed service, fleets and drivers can access and self-manage driving performance anytime, anywhere. SmartDrive Systems was formed in 2004 and is based in San Diego, California.

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Buyer(S) 1

Buyer

Omnitracs

Dallas, Texas, United States
Category Company
Founded 1988
Sector Software
DESCRIPTION

Omnitracs is a provider of fleet management software applications, information services, and hardware platforms. The company’s intuitive technologies, including solutions for safety and compliance, fuel efficiency, driver retention, GPS fleet tracking, and fleet maintenance, enable its customers to solve common fleet problems and achieve their business objectives. Omnitracs pioneered the fleet telematics industry over 25 years ago and continues to serve over 2,500 private and for-hire fleet customers and more than 270,000 vehicles throughout North American and Latin America. Omnitracs was founded in 1988 and is based in Dallas, Texas.

DEAL STATS #
Overall 6 of 6
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
State: California M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-11 VisTracks

Lisle, Illinois, United States

VisTracks, Inc. is a provider of device-agnostic, SaaS-based compliance solutions to the transportation and logistics industry. VisTracks is based in Lisle, Illinois.

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