Eden Prairie’s XRS acquired by Omnitracs for $178 million


Via News Release

“SAN DIEGO – Sept. 2, 2014 – Omnitracs, LLC, a leading provider of fleet management solutions to transportation and logistics companies, today announced that it has agreed to acquire XRS Corporation (NASDAQ: XRSC), a leader in mobile fleet optimization software. Subject to the terms and conditions of the definitive agreement, Omnitracs will pay $5.60 per share of XRS, which equates to $178 million in equity value.”

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