Verizon announced it will acquire Fleetmatics for $60 per share in cash – or approximately $2.4 billion. Are we seeing an uptick in repairs? “We’ll continue to work urgently to solve our customers’ most critical challenges in deploying their mobile workforces utilizing our newly combined assets, coupled with the industry’s largest distribution channel and customer support team.”. It's extremely challenging to keep yourself educated when technology changes so quickly. Verizon Communications Inc. and Fleetmatics Group PLC have entered into a definitive agreement under which Verizon will acquire Fleetmatics, a global provider of fleet and mobile workforce management solutions, for $60 per share in cash — representing a value of approximately $2.4 billion. We thought you were a 61-year-old grease monkey!”. You can check out all Verizon acquisitions here: Stay up to date by signing up for Fleet Equipment newsletters. Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. Reveal est la dernière de nos solutions de géolocalisation. Produits de l’ancienne marque Telogis. Verizon operates America's most reliable wireless network, with 113.7 million retail connections nationwide. I think any woman in this industry is already thick skinned and a strong-type personality. There may be additional risks that neither Fleetmatics nor Verizon presently know or that Fleetmatics and Verizon currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Verizon is acquiring Fleetmatics for $60 a share. LP: I've talked to several other females in the industry, and we all face the same problem. Forward-looking statements include the Verizon group's and the combined group's estimated or anticipated future results, or other non-historical facts. Si vous êtes client Reveal ou que vous été informés de la mise à jour de votre solution vers Reveal, cliquez-ici. Truck driver behavior visibility: what is it and why does it matter? “Together, we’ll accelerate global market leadership, and empower more businesses with mobile workforces to find new ways to grow, get more done, and delight their customers.”, Technology: PrePass grows Alerts to nearly 2,800 roadway safety notifications in 48 states, Technology: Lytx adds new A.I.-powered features to camera systems, Technology: Dana makes investment in embedded software solutions/ECU provider Pi Innovo LLC, Technology: SkyBitz introduces SkyBitz Kinnect for integrated trailer sensor data, Components: Webasto adds modular CV battery system, thermal management offerings to portfolio, Heavy-duty: Market outlook: Where the trucking industry stands in 2020 and beyond, Heavy-duty: Kenworth given new four-year Cooperative Gov. Verizon provides to fleet control intensity with deal. Neither PJT nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of PJT in connection with this communication, any statement contained herein or otherwise. Fleetmatics group's intuitive, cost-effective Web-based solutions provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage, and other insights into their mobile workforce, enabling them to reduce operating and capital costs, as well as increase revenue. In June, Verizon Telematics also announced the acquisition of Telogis, a global, cloud-based mobile enterprise management software company based in Aliso Viejo, CA. We do more deals with them directly than having our branches source them locally. The Rule 2.5 announcement and this press release have been made available on Verizon's and Fleetmatics' websites ( and ( Verizon Communications Inc. has announced the completion of its $2.4 billion acquisition of Ireland-based Fleetmatics Group PLC for $60 per share in cash.AdvertisementClick Here to Read MoreAdvertisement “With the close of this transaction, Verizon Telematics is squarely positioned as the global leader in fleet and mobile resource management, leveraging the combined strength of three … Fleetmatics cautionary statement regarding forward-looking statements. NEW YORK, Nov. 7, 2016 /PRNewswire/ -- Verizon Communications Inc. (NYSE,Nasdaq: VZ) today announced completion of its $2.4 billion acquisition of Fleetmatics Group PLC for $60.00 per share in cash. Information concerning the interests of Fleetmatics' participants in the solicitation, which may, in some cases, be different than those of Fleetmatics' shareholders generally, is set forth in the materials filed by Fleetmatics with the SEC, including in Fleetmatics' proxy statement for Fleetmatics' 2016 annual general meeting of shareholders, which was filed with the SEC on June 22, 2016, as supplemented by other Fleetmatics filings with the SEC, and will be set forth in the Proxy Statement when it becomes available. I loved reading about cars, I love driving, I love everything about it, so it was a very natural fit for me, and quite honestly a very unexpected career path. “The powerful combination of products and services, software platforms, robust customer bases, domain expertise and experience, and talented and passionate teams among Fleetmatics, the recently-acquired Telogis, and Verizon Telematics will position the combined companies to become a leading provider of fleet and mobile workforce management solutions globally,” Irlando adds. In connection with such matters, Morgan Stanley & Co. LLC, Morgan Stanley & Co. International plc, each of their affiliates and their respective directors, officers, employees and agents will not regard any other person as their client, nor will they be responsible to anyone other than Fleetmatics for providing the protections afforded to their clients or for providing advice in connection with the matters described in this communication or any matter referred to herein. In the two years Pierce has been with Nutrien, the fleet went from no vehicles with telematics to 90% with telematics. The Verizon directors and Verizon Business International Holdings B.V. ("Bidco") directors accept responsibility for the information contained in this communication other than that relating to Fleetmatics, the Fleetmatics group and the Fleetmatics directors and members of their immediate families, related trusts and persons connected with them. Verizon Telematics, a subsidiary of Verizon Communications, operates in more than 40 markets worldwide and offers comprehensive wireless, software and hardware solutions to consumers, enterprises, automakers and dealers to power connected-vehicle products around the world. from 8 AM - 9 PM ET, Copyright © 2020 PR Newswire Association LLC. Copyright ©2020 Pembury Strategic Services. As a result, Fleetmatics shares (NYSE: FLTX) will no longer be traded on the New York Stock Exchange. He can be reached at [email protected] or (503) 936-2803. I liked doing a lot via email because as soon as they find out I'm a woman, they'd say, “She doesn't know what she's talking about.” So I would annihilate these guys with statistics and facts via email and they would say, “Whatever you tell us we need to do, we'll do that.” And then when they would meet me, they'd be shocked and say, “You’re a girl? Verizon to acquire fleet management company Fleetmatics, How public safety GIS saves us when disaster strikes, Europe seeks alternative PNT services, deadline Jan. 13, Resilient PNT critical to maritime advancement. "Fleetmatics is a market leader in North America -- and increasingly internationally -- and they've developed a wide-range of compelling SaaS-based products and solutions for small- and medium-sized businesses," said Andrés Irlando, CEO of Verizon Telematics. All rights reserved. Our solutions enable businesses to meet the challenges associated with managing local fleets, and improve the productivity of their mobile workforces, by extracting actionable business intelligence from real-time and historical vehicle and driver behavioral data. In a move to increase its penetration into trucking and fleet management communications, Verizon Communications said it has a deal to acquire Fleetmatics Group PLC for $2.4 billion. Do NOT follow this link or you will be banned from the site. The company's Web-based solutions provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage, and other insights into their mobile workforce, helping them to reduce operating costs, as well as increase revenue. “Fleetmatics is a market leader in North America—and increasingly internationally—and they’ve developed a wide-range of compelling SaaS-based products and solutions for small- and medium-sized businesses,” comments Andrés Irlando, CEO of Verizon Telematics. And I think anybody you talk to in the fleet industry, no one goes into fleet willingly; you find it dropped on your plate and you just have to learn it and take over it. They look at it almost as time away, but also as an opportunity to really learn from their own colleagues in the industry. Goodwin Procter LLP and Maples and Calder are acting as legal advisors to Fleetmatics. PJT Partners and Wells Fargo Securities, LLC are acting as financial advisors to Verizon.

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