Madison Dearborn-owned Fleet Complete buys Ecofleet
Fleet Complete, a Toronto-based provider of IoT solutions in the connected commercial vehicle sector, has acquired Ecofleet. No financial terms were disclosed. Headquartered in Denmark, Ecofleet is a fleet telematics provider in Scandinavia, the Baltic countries and Eastern Europe. Currently, Ecofleet has over 80,000 subscribers across small to medium-sized businesses and large enterprise fleets. Fleet Complete is owned by U.S. private equity firm Madison Dearborn Partners. Madison acquired the business in 2014.
31 January 2018•4 mins read
