In 2012, Verizon acquired Hughes Telematics for $612 million. This June,
it acquired Telogis, which makes logistics software mostly for fleet operators,
for an undisclosed price. Now, it has paid
$2.4 billion for the Fleetmatics Group, which is based in Dublin. Verizon, Omnitracs, and TRW are moving aggressively
to acquire smaller companies in the dawn of the Electric On Board Recorder
(EOBR) mandate era, set in motion by the FMCSA to cut down on safety violations
and prevent truck collisions.
PDA or iPhone service will allow Verizon and other similarly situated companies
to dominate the market in the EOBR era, and they are positioning themselves
for that point. Qualcomm, under pressure from the major phone providers,
jettisoned Omnitracs to focus on its core chip business. But, don’t
be surprised to see it head back into the telematics business through
its Verizon, AT&T, Sprint, and T-Mobile partnerships to deliver fleet
telematics hardware and software solutions.
Verizon has existing telematics and fleet relationships with Mercedes Benz
and Volkswagen, while Telogis works with Ford and GM. The acquisition
of Fleetmatics will enhance its worldwide footprint in the telematics
space. One source for anything is never a good idea.
Contact a Georgia truck accident lawyer at Terry D. Jackson, P.C. to learn how
these billion-dollar mergers will affect you and your
truck accident case.