Geotab Strengthens Global Footprint and Small to Mid-Sized Fleet Solutions with Acquisition of Verizon Connect's International Commercial Operations in Europe and Australia

Core Insights - Geotab has acquired the commercial operations of Verizon Connect's telematics business in multiple European countries and Australia, significantly enhancing its global presence and market share, particularly in the small to mid-sized fleet segment [1][4] - The integration of Verizon Connect's operations will provide Geotab with enhanced capabilities to deliver comprehensive data insights and telematics technology to fleet businesses [2][4] - Over 400 employees from Verizon Connect will join Geotab, contributing their expertise to accelerate innovation and localized solutions for customers [3][4] Company Overview - Geotab is a leader in connected vehicle and asset management solutions, headquartered in Oakville, Ontario, and Atlanta, Georgia, serving over 55,000 global customers and processing 100 billion data points daily from more than 5 million vehicle subscriptions [5] - The company is committed to making the world safer, more efficient, and sustainable through advanced data analytics and AI, and holds FIPS 140-3 and FedRAMP authorizations for data security and privacy [5]