Fleetmatics Expands into France with Acquisition of Ornicar

Fleetmatics Group has expanded into France with the acquisition of Ornicar SAS a SaaS provider of fleet management solutions in the country.

Based in Grenoble, Ornicar will add approximately 15,000 vehicles under subscription to Fleetmatics’ existing installed base.

According to a recent report published by industry analyst firm Berg Insight1, France is the largest market for light commercial vehicles in Western Europe, with 5.9 million in use, while penetration of fleet management solutions is one of the lowest, at 13%.

The company noted, “Taken together, these dynamics make France an attractive new market for Fleetmatics in Europe.”

Category: Featured, Fleet Diagnostics & Software, General Update