Tuesday March 31, 2020

Verizon agrees to buy Dubin-based Fleetmatics in $2.4 billion deal

Verizon will pay $60 a share for the Irish technology company

1st August, 2016
4
Verizon has agreed to buy Fleetmatics

Verizon will pay $60 a share for the Dublin-based company, a 40 per cent premium to Fleetmatic's closing price last week, with the deal expected to close in the second quarter.

Fleetmatics, which listed on the New York Stock Exchange four years ago, was founded in Ireland in 2004 and has its global headquarters in Tallaght in Dublin. Set up in a small office in Templeogue, it employed about 10 people in the first year of operation...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 weeks ago

Big tech firms pledge to pay contract staff through the social-distancing period

Emmet Ryan | 2 weeks ago

Further action may be needed to prevent the Irish economy being sunk, particularly when the global economy remains vulnerable

Ian Guider | 2 weeks ago