Verizon acquires Fleetmatics for $2.4 bn in cash
Verizon on Monday announced the acquisition of Dublin-based Fleetmatics, which provides GPS and other services to companies with mobile workforces, for $2.4 billion in cash. The deal, which is expected to close in Q4 2016, was done to build up Verizon's telematics services for small and medium businesses. Verizon had previously acquired another telematics company Telogis in June.