Announced

Shiftmove to acquire Océan from Orange Business.

Synopsis

Shiftmove, a fleet and mobility-operations software company, agreed to acquire Océan, a French fleet management solutions provider, from Orange Business, a business services arm of Orange, a global integrator of communications, products, and services for multinational corporations. Financial terms were not disclosed. "In a telematics market undergoing profound transformation, marked by accelerated innovation and increasingly complex customer expectations, our ambition is to build strong and lasting synergies that anticipate future technological and industry developments," Stéphane Peycelon, Océan CEO.

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MergerLinks - Shiftmove to acquire Océan from Orange Business.