XRS Corporation to be Acquired by Omnitracs

Omnitracs, LLC, a leading provider of fleet management solutions to transportation and logistics companies, has announced that it has agreed to acquire XRS Corporation (NASDAQ: XRSC), a leader in mobile fleet optimization software.

Subject to the terms and conditions of the definitive agreement, Omnitracs will pay $5.60 per share of XRS, which equates to $178 million in equity value.

XRS Corp. delivers software solutions that help trucking companies manage their fleets, comply with regulations, and reduce operating costs.

The company notes that “XRS has led the trucking industry’s migration to mobile devices for collecting and analyzing compliance and management data.”

Category: General Update