Tag: Fleetmatics

Verizon buys into connected vehicle and fleet management market

Verizon buys into connected vehicle and fleet management market

Written by on August 2, 2016 in News with 0 Comments

(Reuters) – Verizon Communications Inc said on Monday it would buy GPS vehicle tracking firm Fleetmatics Group Plc for about $2.4 billion in cash to bolster its expansion into the connected vehicle and fleet management market. Verizon, the No. 1 U.S wireless company, will pay $60 per share, a premium of about 40 percent to […]

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