Verizon grows connected car business with USD 2.4 billion acquisition   [ USA ]

Verizon Telematics Inc. announced on August 1 that it has entered into an agreement to acquire Ireland-based FleetMatics Group PLC for approximately USD 2.4 billion.FleetMatics provides fleet operators with information on vehicle location, fuel usage, speed, and mileage.The acquisition gives Verizon access to data and services necessary for connected vehicles that can drive themselves. This ann...
<Aug 03, 2016>