In a move that will create the nation’s second-largest telematics company, telecommunications giant Verizon Communications announced it is acquiring Telogis Inc., a telematics provider for the automotive and heavy-equipment industries. The acquisition of the Aliso Viejo, Calif., company gives Verizon control over the manufacturer of fleet-monitoring equipment and software used by some of the largest truck manufacturers in the world. Telogis had estimated 2015 revenue of more than $100 million.
Verizon Buys Major Telematics Firm
June 29, 2016