Verizon Telematics is continuing its European expansion with the acquisition of Spanish commercial vehicle and asset management company Movildata Internacional for an undisclosed amount.

Verizon Telematics is continuing its European expansion with its acquisition of Movildata

Verizon said the acquisition, which follows its acquisition of Fleetmatics last year, would complement its expanding operations in southern Europe, specifically Portugal and Italy.

“We see Movildata as a natural fit and highly synergistic with our European business,” said Andrés Irlando, CEO of Verizon Telematics. “This strategic acquisition strengthens Verizon Telematics’ market position, accelerates growth and allows us to expand the footprint of our market-leading solutions and services.”

Movildata employees have joined the Verizon Telematics team and will continue to drive sales and support for its current fleet management products. In addition, Verizon Telematics plans to add Fleetmatics’ Reveal solution to the portfolio of software solutions available to Spanish fleet operators.

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