Verizon Completes Acquisition Of Fleetmatics
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Verizon Communications Inc. announced on Monday, November 7 the completion of its $2.4 billion acquisition of Fleetmatics Group PLC. As a Verizon company, Fleetmatics, headquartered in Dublin, Ireland, with North American headquarters in Waltham, MA, is now part of the Verizon Telematics business, which offers wireless, software, and hardware solutions to consumers, enterprises, automakers, and dealers to power connected-vehicle products around the world.
The transaction was announced August 1, 2016, and has since received the approval of Fleetmatics' shareholders and the Irish High Court, which sanctioned the Scheme of Arrangement by which Verizon has acquired Fleetmatics.
Fleetmatics brings to Verizon more than 42,000 customers, approximately 826,000 subscribers, a broad portfolio of products, and a team of 1,200 professionals.
Verizon Communications Inc., headquartered in New York City, has a workforce of 162,000 and generated nearly $132 billion in 2015 revenues. Verizon operates a wireless network with 113.7 million retail connections nationwide. The company also provides communications and entertainment services over mobile broadband and their all-fiber network.
The transaction was announced August 1, 2016, and has since received the approval of Fleetmatics' shareholders and the Irish High Court, which sanctioned the Scheme of Arrangement by which Verizon has acquired Fleetmatics.
Fleetmatics brings to Verizon more than 42,000 customers, approximately 826,000 subscribers, a broad portfolio of products, and a team of 1,200 professionals.
Verizon Communications Inc., headquartered in New York City, has a workforce of 162,000 and generated nearly $132 billion in 2015 revenues. Verizon operates a wireless network with 113.7 million retail connections nationwide. The company also provides communications and entertainment services over mobile broadband and their all-fiber network.
