Astrata to expand European footprint with Omnitracs Europe acquisition

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Omnitracs Europe, together with Omnitracs LLC, which was sold in a separate transaction earlier this year, was Qualcomm Incorporated's first business unit and, according to the firm, a pioneer in the provision of commercial vehicle telematics to the trucking industry. Throughout its 25-year history, Omnitracs Europe has provided integrated wireless systems and services to major transportation and logistics companies around the world.  

‘The Omnitracs Europe name is synonymous with quality and customer service at the highest level,’ said George M Kappaz, chairman and CEO of Astrata, and chairman of CIH International Group, the private equity group that owns Astrata.

‘We are excited to significantly expand Astrata's presence in Europe with the acquisition of Omnitracs Europe. With highly complementary geographic presences, the combined operations will truly have a global reach and in-house access to best-in-class technologies, enhancing our product and service offerings to our customers throughout the world.’  

 

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