Ultrack Explores Synergistic Acquisitions While Nearing Imminent ELD Certification

USA companies operate within similar horizontal markets as Ultrack does and Ultrack feels strongly about the symbiotic corporate growth prospects of a formal alliance with each target company

Ultrack Systems Inc. total fleet-management GPS tracking and monitoring solution provider, is pleased to announce that Ultrack has enjoyed multiple meetings with a consultant firm representing United States companies looking to explore the mutually beneficial opportunities a strategic acquisition by Ultrack would provide to each unique target company.

The diverse USA companies all operate within similar horizontal markets as Ultrack does and Ultrack feels strongly about the symbiotic corporate growth prospects of a formal alliance with each target company. Ultrack has performed cursory due diligence on the companies and consistent, open dialogue remains ongoing.

Ultrack CEO Michael Marsbergen enthusiastically reported: “Ultrack is most definitely not standing still while waiting to clear the ELD certification hurdle! Simply put, we are endeavoring to add exponentially more value to Ultrack by absorbing seasoned USA companies in-line with Ultrack’s mission and brand. Through these potential acquisitions, Ultrack is taking ambitious steps to ensure that once we do receive the coveted Holy Grail of approval, the deployment of our superior ELD device will be swift. But as we actively await this, each one of these companies would add tremendous fiscal value and immediately serve to enhance Ultrack’s bottom line. The companies we are in talks with would all serve to play an integral part in the expansion of Ultrack and our ELD but more importantly each one of these companies are impressive in its own right with years of financials and proven business models under their respective belts.”

The Company stated in a corporate tweet on February 1 we know based on firm data from the testing agency that Ultrack’s certification is 71.5% completed. That number is now closer to 78% and continues to move toward 100%. 

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