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
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...

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