Zonar Lays off Staff Following Acquisition
Seattle-based Zonar Systems laid off an undetermined amount of employees following the company’s recent acquisition by GPS Trackit. The company declined to provide details about the layoffs, according to Puget Sound Business Journal.
Location Business News reported in August 2024 that Zonar laid off 57 companies as its parent company, Continental, considered spinning off its automotive business. Ultimately, GPS Trackit acquired the company in December for an undisclosed figure.
Zonar, which was founded in 2001, employed more than 300 people in North America. It was acquired by Germany-based Continental in September 2016. The company offers GPS, telematics hardware and software products for fleets in the construction, transportation and utility industries.
Zonar’s recent announcements consist of environmental fleet management solutions. In addition, the company has forged into school bus markets in the United States and Canada. In March 2024, Zonar launched the Zonar MyView app in Canada that provides parents and caregivers with real-time location updates for school buses.
For its part, Florida-based GPS Trackit, which was founded in 2002 and backed by equity firm Inverness Graham, is also an established fleet management software vendor. The company will operate Zonar as part of the GPS Trackit portfolio while maintaining its fleet health and safety solutions, particularly in the government and education sectors, the company said.
