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Ireland: Verizon gains new acquisition

By  |  August 1, 2016

Fleetmatics Group PLC, a leading global provider of fleet and mobile workforce management solutions, has announced a definitive agreement with Verizon Communications Inc. under which Fleetmatics will be bought by Verizon for $60.00 per share in cash – representing a value of approximately $2.4 billion.

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    “Verizon and Fleetmatics share a vision that the SaaS-based fleet management solution market is extraordinarily large, lightly penetrated, global and fragmented which can best be attacked together with a world class product offering and the largest distribution channel in the industry,” said Jim Travers, Chairman and CEO of Fleetmatics.

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