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Verizon-Fleetmatics Deal Finalized

Verizon Communications has completed its $2.4 billion acquisition of Fleetmatics Group to become the largest provider of telematics systems for commercial fleets, the company has announced.

Verizon-Fleetmatics Deal Makes Telematics Giant

Verizon will control about 25% of the telematics market following its planned acquisitions of Fleetmatics and Telogis in moves that indicate steady growth ahead for fleet telematics use, a market expert said.

Verizon to Acquire Fleetmatics

Verizon Communications will acquire leading telematics provider Fleetmatics Group for $2.4 billion in a cash deal that will create a powerhouse telematics provider.

Verizon-Telogis Deal Creates Top Telematics Unit

Verizon's acquisition of Telogis would create the second-largest telematics company in the U.S. in a deal that brings together complementary businesses, a leading telematics consultant said.

Verizon Acquires Telogis

Verizon has acquired California-based Telogis to expand its market share in the growing telematics industry, the telecom giant announced.