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AirIQ Buys Calif-based GPS Company

June 24, 2004

TORONTO--AirIQ of Ontario, Canada, a major developer and provider of GPS systems, has acquired California-based Aircept.com LLC, the companies reported in a news release. Both companies offer wireless vehicle monitoring and tracking services to commercial and rental vehicle fleets, heavy equipment and commercial transport markets.Aircept has over 80,000 active telematics subscribers, which will create a combined base of 115,000 for the companies. The combined operations will expand AirIQ's North American presence, the company said.
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