Xata Corp. announced Friday, Feb. 1, that it has completed its acquisition of GeoLogic Solutions Inc. The combined companies reported $55.6 million of revenue for the trailing 12-month period ending Dec. 31. After the acquisition, terms of which were not released, Xata has about 57,000 monthly subscribers using its technology.
Based in Herndon, Va., GeoLogic provides the commercial trucking industry with wireless asset management solutions designed to reduce operational costs while increasing overall efficiency. Its mobile communications and tracking system, MobileMax, is installed on hundreds of fleets, representing more than 35,000 trucks across North America. GeoLogic is also a Mobile Virtual Network Operator and provides third-party wireless data services through its CrossBridge Solutions platform.
“The acquisition of GeoLogic opens the door to new software subscribers in the for-hire segment of the trucking industry,” says Jay Coughlan, chairman and chief executive officer of Minneapolis-based Xata. “Combined with our expertise in the private fleet segment, this acquisition will provide a platform for significant growth within the over-the-road transportation sector. The combination of our two companies will broaden Xata’s footprint in the market and further leverage GeoLogic’s technology and professional staff.”