SCOTTSDALE, Ariz.: Gridline INC., a leading provider of telematics and data solutions, has announced the strategic acquisition of the Shell Telematics business, a transaction designed to bolster Gridline’s market leadership and expand its capabilities in the rapidly growing telematics sector, while making enhanced data capabilities available to Shell customers.

This acquisition not only enhances Gridline’s service offerings but also positions the company to capitalize on emerging trends in fleet management, including the shift toward renewable energy and advanced data analytics. The transaction is expected to drive significant synergies, leveraging the Shell established customer base and Gridline’s innovative technology to deliver superior value to both companies' clients.

As part of the agreement, Shell and Gridline will collaborate on providing integrated data solutions that enhance fleet operations. Furthermore, a non-exclusive referral agreement between the two companies will open new revenue streams by offering Shell clients access to Gridline’s cutting-edge telematics services.

Gridline co-founders Justin Moyer and Scott Tenney jointly stated: “This acquisition is a critical component of our strategic growth plan, reinforcing our commitment to delivering best-in-class telematics solutions while driving shareholder value. By integrating Shell Telematics, we are poised to accelerate our market expansion and enhance profitability.”

This acquisition and referral agreement mark a pivotal moment in Gridline’s growth trajectory, highlighting the company’s strategic focus on innovation, market expansion, and value creation within the telematics industry.

“As long-standing partners to both Gridline and Shell, we see this acquisition as a way to build even greater value and support for their customers. Through this agreement, the partnership will offer customers advanced tools to enhance fleet performance, improve sustainability efforts, and drive efficiencies across their operations," said Louis De Jong, Chief Revenue Officer, Geotab.

About Gridline

Gridline is a leading fleet management and telematics company dedicated to empowering businesses with data-driven insights. Our advanced solutions enable customers to make informed decisions swiftly and effectively. With a team of industry-recognized experts, we are more than a service provider; we are a trusted partner committed to understanding and addressing your unique business needs. Gridline’s cutting-edge data aggregation tools offer a comprehensive view of vehicle and driver performance, helping our clients enhance operational efficiency and unlock new value in their fleet management strategies.

About Shell

Shell is a leading provider of commercial fuel cards offering a range of solutions tailored to meet the needs of businesses with vehicle fleets. The acquisition aligns with our Powering Progress strategy to optimize our portfolio of products and services while also expanding our customer base through the referral agreement. Equally, Gridline’s clients will be offered access to Shell’s superior fleet card products.

Fonte: Business Wire