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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 acquires Verizon Connect's telematics business in multiple European countries. 2. Over 400 Verizon Connect employees will join Geotab's team in this acquisition. 3. The acquisition enhances Geotab's market share in small to mid-sized fleet segments. 4. Geotab aims to improve telematics solutions with rich data analytics and AI capabilities. 5. Transition for customers is expected to be seamless with improved services.

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FAQ

Why Neutral?

The information about the acquisition signals strategic growth but does not directly affect VZ's operations or stock price at this moment. Historically, similar acquisitions have led to neutral responses in stock markets for the parent company.

How important is it?

While the acquisition shows growth for Geotab, it reflects competitive dynamics where VZ's market may not be strongly impacted. However, the talent acquisition could benefit Geotab's services, indirectly influencing market positioning.

Why No Impact?

VZ is not directly losing any core business, so the long-term impact is muted. Past acquisitions of non-core parts of telecommunications companies did not lead to significant market fluctuations.

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GEOTAB
October 01, 2025 00:01 ET  | Source: Geotab Inc. SYDNEY, 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, localised 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. Geotab Media Contact: Nicole Riddle Manager, Strategic Communications pr@geotab.com

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