M&A Deal Summary

Omnitracs Acquires XRS

On September 2, 2014, Omnitracs acquired software company XRS for 178M USD

Acquisition Highlights
  • This is Omnitracs’ 1st transaction in the Software sector.
  • This is Omnitracs’ largest (disclosed) transaction.
  • This is Omnitracs’ 2nd transaction in the United States.
  • This is Omnitracs’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2014-09-02
Target XRS
Sector Software
Buyer(s) Omnitracs
Deal Type Add-on Acquisition
Deal Value 178M USD
Advisor(s) Credit Suisse Investment Banking
Guggenheim Securities
William Blair (Financial)
Faegre Baker Daniels LLP (Legal)

Target

XRS

Eden Prairie, Minnesota, United States
XRS Corporations is a provider of fleet management and compliance software solutions to the trucking industry to help maintain regulatory compliance and reduce operating costs.

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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 2 of 6
Sector (Software) 1 of 3
Type (Add-on Acquisition) 2 of 5
State (Minnesota) 1 of 1
Country (United States) 2 of 5
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-20 Roadnet Technologies

Baltimore, Maryland, United States

Roadnet Technologies, Inc., is a provider fleet management solutions for hundreds of thousands of vehicles worldwide and in a variety of industries. Specific fleet management applications provide strategic territory and street-level route plans, real-time wireless dispatch, vehicle telematics and global positioning systems (GPS). Roadnet Technologies solutions are utilized to improve operational efficiency and driver productivity, saving customers millions of gallons of fuel every year.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 Shaw Tracking

Mississauga, Ontario, Canada

Shaw Tracking is a provider of fleet management solutions provider in Canada. The company distributes a wide-range of world-class solutions, including GPS vehicle tracking products, fleet management software, and professional services for additional support.

Buy -
Mergr

Product

Company

Legal