TAG: Omnitracs

Qualcomm to Sell Fleet Management Unit for $800M

August 28, 2013By
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Qualcomm Incorporated has signed a definitive agreement to sell its fleet management and tracking business Omnitracs to Vista Equity Partners for $800 million in cash. The acquisition will include all of Omnitracs operations in the U.S., Canada and Latin America, including Sylectus and FleetRisk Advisors, which were acquired by Omnitracs in 2011. The transaction is expected to be completed during... read more