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SOURCE Omnitracs Europe B.V.
SINGAPORE and WASHINGTON, January 13, 2014 /PRNewswire/ --
Astrata Group Private Limited ("Astrata") today announced that an affiliate has acquired Omnitracs Europe Holdings B.V., formerly known as Qualcomm Enterprise Services Europe Holdings B.V. ("Omnitracs Europe"). The transaction, details of which were not disclosed, was completed as of the date of announcement.
Omnitracs Europe, together with Omnitracs LLC, which was sold in a separate transaction earlier this year, was Qualcomm Incorporated's first business unit and 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."
Astrata Group Pte. Ltd. is a Singapore headquartered global leader in Advanced Location Based IT Solutions. With a reputation for sophisticated, high-end deployments, Astrata serves major multinationals and governments for the provision of their most mission critical fleet management, safety and security projects. Astrata's solutions are based around a full range of hardware along with its proprietary best-in-class Global Location System, or GLS ™ for high value asset management, including cloud based tracking, reporting and back-end systems. Astrata provides turnkey solutions that combine GPS positioning, wireless communications (satellite and terrestrial) and geographic information technology into powerful tools that help governments and enterprises operate more securely, safely and efficiently. The company has offices throughout the world, and is owned by an affiliate of Washington D.C. based CIH International Group, a St. Paul International Ltd. and Traditions L.P. company. CIH International has a long based history in the successful ownership and operation of global companies in the telecommunications, IT, energy and manufacturing sectors.
About Omnitracs Europe
Headquartered in Waalre, Netherlands, and with offices throughout Europe, Omnitracs Europe provides telematics services to the transport and logistics industry. The Company enables more cost effective fleet management by providing real-time business insights for transport and logistics companies of all sizes. It gives fleet operators reliable integrated control of their entire operations, so they can improve safety and sustainability, and make the most productive use of their human and vehicle assets to run profitable businesses. Omnitracs Europe offers modular and compatible systems that are reliable, simple to operate and affordable, that ensure accuracy and reliability by using proven on-board telematics technology linked to an easy-to-interpret and secure information portal.
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