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

1. Geotab acquired Verizon Connect’s telematics operations in several key countries. 2. This acquisition strengthens Geotab's market share in the fleet segment. 3. Over 400 Verizon Connect employees were integrated into Geotab. 4. Geotab aims to enhance efficiency and sustainability in fleet management. 5. Customers can expect a seamless transition to Geotab's telematics solutions.

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FAQ

Why Bearish?

The sale may signal a restructuring or downsizing of Verizon's telematics focus, potentially affecting future revenue. Historically, significant divestitures often lead to temporary declines in share prices.

How important is it?

While the acquisition alters VZ's competitive positioning in telematics, its overall health is based on broader performance metrics. Given VZ's strong market footprint, the importance of this news is moderate.

Why Short Term?

There may be immediate investor reactions to the acquisition, influencing VZ's share price. However, over the longer term, the impact will depend on Verizon's next strategic moves.

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ATLANTA, GA and OAKVILLE, ON, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Geotab, a global leader in connected vehicle solutions, today announced it has acquired the commercial operations of Verizon Connect’s telematics business in Australia, the United Kingdom, Ireland, Italy, France, Portugal, Poland, the Netherlands, and Germany. This strategic acquisition, which does not include Verizon’s Connect’s product, engineering, and other non-sales focused teams, significantly expands Geotab's global footprint and strengthens its market share, particularly within the crucial small to mid-sized fleet segment across key international markets. The integration of Verizon Connect’s Australia and European commercial operations and expertise further enhances Geotab's commitment to delivering unparalleled value and comprehensive data insights to customers worldwide. The move expands Geotab's reach and tailored solutions for fleet businesses ensuring they have access to industry-leading telematics technology, AI and data insights, and local in-market support. Geotab is pleased to welcome over 400 talented Verizon Connect employees from across Australia and Europe as part of the acquisition. Their expertise and dedication will be instrumental in accelerating Geotab's commitment to innovation and delivering robust, localized solutions for customers. The integration will be led by Matthew Kassel, Senior Vice-President, Strategic Acquisitions and Integration. "This acquisition marks a pivotal moment for Geotab and the connected vehicle industry," said Neil Cawse, Founder, President and CEO of Geotab. "By welcoming Verizon Connect employees in Australia and Europe into the Geotab family, we are expanding our global reach and reinforcing the company’s commitment to serving the diverse needs of fleets of all sizes. We are excited about the exceptional opportunities this presents for customers, especially those with small to mid-sized fleets, to unlock greater efficiency, safety, and sustainability." The integration of Verizon Connect’s commercial operations in Australia and Europe into Geotab is effective immediately. Customers of Verizon Connect in Australia and Europe can expect a seamless transition and continued access to high-quality telematics solutions, now backed by Geotab's extensive global infrastructure and innovation capabilities. About Geotab Geotab is a global leader in connected vehicle and asset management solutions, with headquarters in Oakville, Ontario and Atlanta, Georgia. Our mission is to make the world safer, more efficient, and sustainable. We leverage advanced data analytics and AI to transform fleet performance and operations, reducing cost and driving efficiency. Backed by top data scientists and engineers, we serve over 55,000 global customers, processing 100 billion data points daily from more than 5 million vehicle subscriptions. Geotab is trusted by Fortune 500 organizations, mid-sized fleets, and the largest public sector fleets in the world, including the US Federal government. Committed to data security and privacy, we hold FIPS 140-3 and FedRAMP authorizations. Our open platform, ecosystem of outstanding partners, and Geotab Marketplace deliver hundreds of fleet-ready third-party solutions. This year, we're celebrating 25 years of innovation. Learn more at www.geotab.com and follow us on LinkedIn or visit Geotab News and Views. GEOTAB and GEOTAB MARKETPLACE are registered trademarks of Geotab Inc. in Canada, the United States and/or other countries.

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