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Qualcomm Inc Signs Definitive Agreement To Sell North and Latin American Transportation And Logistics Business To Vista Equity Partners


Friday, 23 Aug 2013 07:30am EDT 

Qualcomm Incorporated announced that it has signed a definitive agreement to sell Omnitracs, Inc., a subsidiary of Qualcomm Incorporated, to Vista Equity Partners (Vista), a U.S.-based private equity firm. Subject to the terms and conditions of the definitive agreement, Vista will purchase Omnitracs for $800 million in cash. The acquisition will include all of Omnitracs operations in the United States, Canada and Latin America, including Sylectus and FleetRisk Advisors, which were acquired by Omnitracs in 2011. 

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75.62
0.96 +1.29%
26 Dec 2014