Verizion Telematics acquires Movildata
- January 26, 2018
- Posted by: Alan Feldberg
- Category: Industry News
Verizon Telematics parent company, Verizon Communications Inc, has announced the acquisition of Movildata Internacional, a Murcia, Spain-based provider of commercial fleet management solutions.
In 2016 Verizon Telematics acquired Fleetmatics, the Irish tech scale-up success story enabling the company to further grow, scale and bring its solutions to more organisations in more countries across the globe.
Verizon Telematics is an established leader across Europe with a strong presence in the United Kingdom, Ireland, the Netherlands, Germany, France and Poland. Movildata, an established industry leader in Spain, complements Verizon Telematics’ expanding operations in southern Europe, specifically Portugal and Italy.
‘We see Movildata as a natural fit and highly synergistic with our European business,’ said Andrés Irlando, CEO of Verizon Telematics. ‘This strategic acquisition strengthens Verizon Telematics’ market position, accelerates growth and allows us to expand the footprint of our market-leading solutions and services.’
‘We are proud of what the company has accomplished in this market, and we know that with this transaction our success will continue,’ said Luis Enrique Rodrigo, CEO of Movildata. ‘Verizon Telematics’ expansive global reach and robust portfolio of technologies and solutions will allow us to grow the business in Spain and expand our customer service to the next level.’