M&A Deal Summary

Geotab Acquires Verizon Connect s Telematics business

On October 1, 2025, Geotab acquired internet software and services company Verizon Connect s Telematics business from Verizon Connect

Acquisition Highlights
  • This is Geotab’s 1st transaction in the Internet Software and Services sector.
  • This is Geotab’s 2nd transaction in the United States.

M&A Deal Summary

Date 2025-10-01
Target Verizon Connect s Telematics business
Sector Internet Software and Services
Buyer(s) Geotab
Sellers(s) Verizon Connect
Deal Type Divestiture

Target

Verizon Connect s Telematics business

United States
Verizon Connect's Telematics business helps organizations manage fleets, drivers, and assets in near real time in Australia, the United Kingdom, Ireland, Italy, France, Portugal, Poland, the Netherlands, and Germany.

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Buyer(S) 1

Buyer

Geotab

Oakville, Ontario, Canada

Category Company
Founded 1996
Sector Technology Hardware
DESCRIPTION

Geotab, Inc. is a provider of end-to-end telematics technology products for tracing.


DEAL STATS #
Overall 5 of 5
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: United States M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 Intendia

Madrid, Spain

Intendia provides service for remote downloads of digital tachograph data and driver´s card data through the system known as iTac. Intendia was founded in 2010 and is based in Madrid, Spain.

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Seller(S) 1

SELLER

Verizon Connect

Atlanta, Georgia, United States

Category Company
Sector Internet Software and Services
Revenue 285M USD (2015)
DESCRIPTION

Verizon Connect is a global provider of mobile workforce solutions for service-based businesses of all sizes delivered as software-as-a-service. Verizon Connect is based in Wellesley Hills, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-02 TrackEasy Oy

Helsinki, Norway

TrackEasy Oy is a provider of fleet management software provider in Germany and Poland.

Buy -