Chicago-Based Company Acquires Woburn Telematics Company

Reltima, a Woburn-based telematics company, recently entered into a definitive agreement with the Chicago-based Telular Corporation.

Telular entered into the definitive agreement to acquire both Reltima and GPS North America, a Pennsylvania-based company. Reltima “provides comprehensive and cost effective solutions for GPS fleet tracking and fleet performance optimization aimed at light duty vehicle fleets,” according to a release from Telular Corporation.

“By bringing Reltima and GPS North America together under our SkyBitz business, we will be able to rapidly expand our footprint in the growing commercial telematics market,” Doug Milner, CEO of Telular Corporation, said in the release. “The acquisition of these two successful organizations is a natural extension of the overall Telular mission to deliver innovative telematics solutions that enable our customers to dramatically lower their cost of operations and improve productivity.”

Reltima offers a number of GPS fleet management tools for sale through its dealer network through North America, the release said.

“The combination of Reltima and our largest distribution partner, GPS North America, with SkyBitz represents an excellent strategic fit, bringing together the complementary strengths of our rich portfolios and robust go-to-market channels,” Andrew Petrov, CEO of Reltima, said in the release. “This new relationship will give our dealers the power to leverage the strong and well-respected SkyBitz brand name against the larger competitors we face in the market today.”

No financial details regarding the agreement were disclosed.

Subject to the completion of customary conditions, the acquisition is expected to close on or around July 8.