Global Tracking Communications, Inc. acquired 81% stake in Zonar Systems, Inc. from Continental Aktiengesellschaft (XTRA:CON) on December 3, 2024. Following the acquisition, Zonar will operate as part of the GPS Trackit portfolio. Zonar has more than 300 employees. William Blair & Company, L.L.C acted as financial advisor to Zonar Systems, Inc.

Global Tracking Communications, Inc. completed the acquisition of 81% stake in Zonar Systems, Inc. from Continental Aktiengesellschaft (XTRA:CON) on December 3, 2024.