Geotab acquired the commercial operations of Verizon Connect’s telematics business in Australia, the United Kingdom, Ireland, Italy, France, Portugal, Poland, the Netherlands, and Germany. This strategic acquisition, which does not include Verizon’s Connect’s product, engineering, and other non-sales focused teams, significantly expands Geotab's global footprint and strengthens its market share, particularly within the small to mid-sized fleet segment across key international markets.
"This acquisition marks a pivotal moment for Geotab and the connected vehicle industry," says Neil Cawse, founder, president and CEO of Geotab. "By welcoming Verizon Connect employees in Australia and Europe 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."
Key takeaways:
· The integration of Verizon Connect’s Australia and European commercial operations and expertise further enhances Geotab's commitment to delivering comprehensive data insights to customers worldwide.
· The move expands Geotab's reach and tailored solutions for fleet businesses ensuring they have access to industry-leading telematics technology, AI and data insights, and local in-market support.
· Geotab welcomes over 400 talented Verizon Connect employees from across Australia and Europe as part of the acquisition.
· The integration will be led by Matthew Kassel, SVP, strategic acquisitions and integration.
