Verizon Telematics acquires Movildata to expand European presence

Verizon Telematics (Verizon) has acquired Spain-based provider of commercial fleet management solutions Movildata as part of a strategy to expand its European footprint. Additionally, Verizon plans to make Fleetmatics’ Reveal platform available to Spanish fleet operators.

Molivdata’s employees have joined Verizon’s team and will continue to drive sales and support for its current fleet management products.

Luis Enrique Rodrigo, CEO of Movildata, said: "We are proud of what the company has accomplished in this market, and we know that with this transaction our success will continue. Verizon Telematics' expansive global reach and robust portfolio of technologies and solutions will allow us to grow the business in Spain and expand our customer service to the next level."