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Orange Buys European Fleet Management Leader Ocean

Orange Buys European Fleet Management Leader Ocean Image Credit: Orange

Orange Business Services, last week has acquired French fleet management system vendor Ocean which boasts around 45,000 vehicles under its subscription from 2,000 corporate clients. By integrating Ocean’s operations in its own activities, Orange Business Services is creating a new leader in the French and European markets – with over 100,000 managed vehicles. 

Upon the completion of the deal, Ocean 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. 

The acquisition will enable Orange Business Services to develop new fleet management services and more generally new solutions for connected objects, based on Ocean's new service platform, designed to integrate services related to the Internet of Things. In addition to fleet management, the M2M division of the Orange group said that it will be possible to develop new solutions for monitoring non-powered objects (skips, tanks, agricultural equipment, machinery and building site materials, etc). 

Fleet management and vehicle tracking is now one of the most advanced sectors in the field of M2M and connected objects, and one of the pillars of the Orange Group's growth strategy. By 2018, Europe will represent a potential market of 35 million company vehicles, among which more than 20% will be equipped with a fleet management solution. 

Thierry Bonhomme, Executive Director, Orange Business Services
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.

Jacques Riviere, President, Ocean
The project with Orange, which is based on the technical platform recently developed by Ocean, will give us the opportunity to pursue our growth by building on our core success factor: a unique organization and development model.

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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