Omnitracs’ purchase of SmartDrive, announced early Wednesday, is going to create a “new, converged category” by putting together the video services of SmartDrive with Omnitracs’ current telematics capabilities.
That was the description of the value of putting the two companies together in a deal whose price tag is unknown.
Talking about convergence is nothing new at SmartDrive. In a video interview last year, SmartDrive CEO Steve Mitgang used that term to discuss his company’s strategy.
Responding...
https://www.freightwaves.com/news/convergence-key-to-omnitracs-acquisition-of-smartdrive