Solera Acquires Omnitracs and DealerSocket

May 17, 2021

Solera Holdings announced it will acquire Omnitracs, a fleet management platform, and DealerSocket, a SaaS provider to the automotive retail sector, expanding Solera’s vehicle lifecycle management capabilities. The transactions (financial terms not disclosed) are intended to create a unified, end-to-end technology and data platform across fleet, dealership and lifecycle services.

Targets
Omnitracs, DealerSocket
Industry
Automotive
Location
United States
Transaction Type
Buyout

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