Reltima, GPS North America to be acquired by SkyBitz
Herndon-based SkyBitz, which offers GPS tracking services, announced Tuesday plans to acquire two out-of-state fleet management companies. Terms of the deal were not released.
Woburn, Mass.-based Reltima is a GPS fleet tracking provider. Langhorne, Pa.-based GPS North America is Reltima’s largest distribution partner.
“By bringing Reltima and GPS North America together, we will be able to rapidly expand our footprint in the growing commercial telematics market,” Doug Milner, CEO of SkyBitz’ parent company Telular Corp., said in a statement.
Reltima provides location-based services, driver/vehicle performance data, route management and cargo status tracking to allow fleet managers to optimize their fleet performance and reduce fleet operating costs.
GPS North America offers fleet asset tracking, vehicle/driver dispatch and fleet reporting under the SignalTrack brand.
The deal, which is expected to close July 8, is subject to customary closing conditions.