Verizon Communications has agreed to acquire Irish GPS fleet management company Fleetmatics for about US$2.4bn in cash as it continues to diversify its operations. The acquisition gives its Verizon Telematics subsidiary Fleetmatics’ 37,000 customers, some 737,000 subscribers, and a 1,200-strong workforce. Verizon Communications (NYSE:VZ) has agreed to buy Irish GPS fleet management company Fleetmatics (NYSE:FLTX) for about US$2.4bn in cash, or US$60 per […]
