Fleet technology provider Omnitracs is acquiring SmartDrive, a company known primarily for video technology in trucks but that has attempted to push into other telematics-based applications in recent years.
The price of the purchase was not disclosed.
“SmartDrive’s proven video-based safety program integrated with Omnitracs’ best-in-class driver workflow and complemented by the companies’ unmatched years of collective transportation intelligence present an opportunity to streamline and enhance DX (driver experience),” Omnitracs said in announcing the acquisition. “The combined company will deliver the most complete and intelligent DX with the right in-cab and back-office decision-making, alerting and driver coaching – a virtual co-pilot that will lead to significant safety, fuel efficiency, operational and financial gains for fleets.”
In the statement announcing the acquisition, Omnitracs brought in a comment from Chad England, CEO of truckload carrier C.R. England. “We’ve had great partnerships with both Omnitracs and SmartDrive over the years,” England was quoted as saying. “We are excited to see these two companies come together. We are confident that the integration of offerings will create efficiencies for C.R. England.”
The deal is expected to close in the third or fourth quarter.
FreightWaves will continue to cover this story throughout the day.
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