Orange Business Acquires a Fleet Management Company

Orange Business Services has acquired Ocean, a fleet management and vehicle tracking company in France. Financial terms were not disclosed.

The company, which currently manages 45,000 vehicles for 2,000 corporate clients, will become an operational unit of Orange Applications for Business – the digital services division of Orange Business Services specializing in connected objects, the digitalization of customer experience, Big Data and data analytics.

"With the acquisition of such an innovative and powerful leader as Ocean, we are creating a new European leader in Fleet Management that will support the growth strategy of Orange Applications for Business on the connected objects and M2M markets. Through these advanced technologies, companies managing fleets of vehicles or equipment can leverage huge benefits that will facilitate their digital transformation and develop new processes and business models," said Thierry Bonhomme, Executive Director of Orange Business Services.

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