Omnitracs announces intent to acquire SmartDrive

Omnitracs announces intent to acquire SmartDrive

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.

You May Also Like

Powerfleet, MiX Telematics approved for business combination

The combination is expected to be complete in the first week of April, after which the businesses will be branded as Powerfleet.

Powerfleet-x-MiX-telematics-integration

Powerfleet, Inc. and MiX Telematics have received shareholder approval on the proposals related to the previously announced business combination between the parties. Powerfleet says that the transaction is expected to close the first week of April, subject to the satisfaction of remaining customary conditions. Upon closing, the combined business will be branded as Powerfleet.

Scania speeds up autonomous transport pilot program

Equipped with Plus, Scania has been testing its trucks in Sweden since 2021 — now it plans to expand operations throughout Europe, this year.

SCANIA-Logo-vector
IRS clarifies: RNG cleaning and conditioning equipment eligible for tax credit

RNG Coalition notes a correction to an investment tax credit proposal regarding RNG cleaning and conditioning equipment.

RNG-Coalition-logo-ITC-technical-correction
Stellantis and UFOFleet form partnership

Stellantis says it chose UFOFleet for its proven customer experience, flexible technology and deployments with leading global brands.

UFO-Fleet-Stellantis
SKF helps Maverick Transportation keep wheels attached

Having a wheel fly off while driving can be catastrophic, and SKF says TraX and Road Ready help catch issues early.

SKF-Road-Ready-TraX-wheel-telematics-Maverick-Transportation

Other Posts

FieldRoutes announces ServiceTitan Fleet Pro integration

The company says this integration helps customers to eliminate side jobs, prevent unsafe driving, maximize billable hours and more.

service-maintenance-data-generic-1400
Bestpass announces new integration with Geotab

Geotab customers using Bestpass can now access new toll activity data and reporting features through a single interface

Bestpass-Geotab-integration
Decisiv adds SRM Sentinel Managed Care to TICO Edge

According to Decisiv, the new addition to the service management platform lets customers to proactively meet service needs and improve uptime.

Decisiv-TICO-TMC-2024-Dick-Hyatt
Noregon announces ZF tractor, trailer telematics collaboration

The two companies demonstrated an early version of the paired telematics collaboration at the TMC 2024 Annual Meeting.

Noregon-TMC-ZF-partnership-telematics