SAN DIEGO, Calif. — It’s business as usual for Shaw Tracking customers, following the sale by Qualcomm of its Omnitracs subsidiary.
That’s the message from Mike Ham, vice-president of Shaw Tracking, which is the Canadian reseller of Omnitracs tracking systems.
“This is a very exciting time in the world of fleet management and telematics and Shaw Tracking looks forward to the new ownership of the Omnitracs suite of products,” Ham said in a letter to customers.
“Shaw Tracking and Omnitracs are fully committed to continuing to support and grow our products and services to our customers. It’s business as usual and we will continue to keep you informed with the latest news and information.”
Qualcomm last week solid Omnitracts to Vista Equity Partners, a US-based private equity firm, for US$800 million.
“In the late 1980s, Qualcomm pioneered the use of commercial vehicle telematics with the introduction of the first mobile information system for transportation and logistics. As one of Qualcomm’s earliest businesses, Omintracs has maintained a leadership position within the industry for 25 years. Today, the opportunity for fleet management and telematics is evolving rapidly, and we believe Omnitracs is well positioned to continue its leadership position as a stand-alone entity,” said Derek Aberle, executive vice-president and group president, Qualcomm Incorporated. “Vista’s long-term investment focus and experience helping software, data and technology-enabled businesses drive growth and leadership positions is a great fit for the Omnitracs business and management team. We look forward to witnessing their continued success together.”
Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry. All posts by Truck News