Telematics giant Geotab has acquired the commercial operations of Verizon Connect’s telematics business in Europe, including the UK, and Australia.
Geotab said the deal, which does not include Verizon Connect’s product, engineering, and other non-sales focused teams, significantly expanded its global footprint and strengthened its market share, particularly within the small to mid-sized fleet segments across key international markets.
The acquisition will see the integration of 400 Verizon Connect employees into Geotab. The process will be overseen by Matthew Kassel, senior vice-president for strategic acquisitions and integration at Geotab.
Geotab boss Neil Cawse (pictured) said: “By welcoming Verizon Connect employees in Europe and Australia into the Geotab family, we are expanding our global reach and reinforcing the company’s commitment to serving the diverse needs of fleets of all sizes.
“We are excited about the exceptional opportunities this presents for customers, especially those with small to mid-sized fleets, to unlock greater efficiency, safety, and sustainability.”
Geotab has not disclosed the cost of the acquisition.
