Verizon Communications has acquired Movildata Internacional, a Spain-based provider of commercial fleet management solutions, as part of its European expansion plans.
Verizon Telematics has a presence across Europe, including in the United Kingdom and Ireland, and the company sees Movildata as complementing its expanding operations in southern Europe, specifically Portugal and Italy.
Andres Irlando, CEO of Verizon Telematics, said: "We see Movildata as a natural fit and highly synergistic with our European business.
"This strategic acquisition strengthens Verizon Telematics's market position, accelerates growth and allows us to expand the footprint of our market-leading solutions and services."
Movildata employees have joined the Verizon Telematics team and will continue to drive sales and support for its current fleet management products.
In addition, Verizon Telematics plans to add Fleetmatics’ Reveal to the portfolio of software solutions available to Spanish fleet operators.
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