Jul 13 2015
Telular Corporation, a global leader in using wireless networks for remote monitoring and tracking, and a portfolio company of Avista Capital Partners, today announced that it has completed the acquisition of Reltima and GPS North America, two leading commercial telematics companies in the local fleet management market.
Reltima provides comprehensive and cost effective solutions for GPS fleet tracking and fleet performance optimization aimed at light duty vehicle fleets. GPS North America is Reltima’s largest distribution partner.
Under the terms of the acquisition agreement the companies are now part of Telular’s SkyBitz division, the leader in remote asset tracking and information management solutions. The combined companies rapidly expand SkyBitz’s footprint in the growing commercial telematics market.
Reltima, headquartered in Woburn, MA, offers a wide variety of GPS fleet management tools for sale through its Master Dealer network located throughout North America. Its flagship Smart Antenna product is a highly accurate, in-cab GPS fleet tracking device. When paired with Reltima’s Perigee customer portal, Smart Antenna provides a wide variety of location based services, driver/vehicle performance data, route management and cargo status tracking to allow fleet managers to optimize their fleet performance and significantly reduce fleet operating costs.
GPS North America, located in Langhorne, PA, offers a full complement of fleet management solutions including asset tracking, hours-of-service (HOS) compliance, vehicle/driver dispatch and fleet reporting all under the SignalTrack brand.
Reltima and GPS North America were advised by Media Venture Partners (MVP), an investment banking firm serving companies in the communications, technology and media sectors. Avista Capital Partners and Telular were advised by Kirkland & Ellis LLP.