Omnitracs, LLC and SmartDrive have entered into a definitive agreement for Omnitracs to acquire SmartDrive.
“By integrating SmartDrive’s unparalleled transportation intelligence platform, video safety hardware and risk analysis service offering with the Omnitracs One platform, we can deliver a converged solution built on AI and ML that redefines the future of commercial transportation today. Real-time risk mitigation, streamlined data flows from the cab and vehicle sensors to dispatch and the back office, and a superior driver experience will be brought together to improve safety, efficiency and operational excellence,” said Ray Greer, chief executive officer of Omnitracs. “We have long admired SmartDrive’s customer-centric approach to technology innovation and world-class support and service. We look forward to welcoming the talented SmartDrive team to the Omnitracs family.”
The companies say both Omnitracs and SmartDrive have built their businesses around providing enterprise-grade, flexible and adaptive solutions that can anticipate and address the distinct operating requirements of each fleet they serve.
The companies say SmartDrive’s video-based safety program integrated with Omnitracs’ driver workflow and complemented by the companies’ collective transportation intelligence present an opportunity to streamline and enhance the driver experience.
Subject to customary closing conditions, including customary regulatory approval, the deal is expected to close later in calendar Q3 or Q4.
