The company founded and managed by Daniel Vassallucci has just been bought by Shiftmove, a German-Swiss software platform for fleet management. With the acquisition of Optimum Automotive, its objective is to become the European leader in the sector.
Daniel Vassallucci hands over control of Optimum Automotive to Shiftmove
Daniel Vassallucci transfers control of Optimum Automotive to Shiftmove, a German-Swiss competitor. The transaction, whose amount was not disclosed, gives birth to a major player in the telematics sector in Europe.
This new group, which is being created, employs 250 employees and has 18,000 client companies, for a volume of 550,000 vehicles under management. Behind Shiftmove, a young player born in 2023 from the recent merger of Avrios and Vimcar, is the American investment fund Battery Ventures.
Its ambition is to conquer the European market for fleet management connected and to become the leader by 2027 with a goal of one million vehicles under management. This therefore involves the acquisition of Optimum Automotive, one of the main national players.
“Immense potential”
“The acquisition by Shiftmove allows Optimum Automotive to take a new step in its growth, with the aim of becoming the European market leader in integrated telematics and software solutions for corporate fleets”, comments Daniel Vassallucci.
Note that his company claims 7,500 customers and 200,000 managed vehicles. It has also opened up internationally in recent years with branches in Portugal, Spain and Africa.
Read also: The Volkswagen Group opens its data to telematics specialists and fleets
Francine Gervazio, CEO of Shiftmove, estimates for her part that, with “more than nine million commercial vehicles, France is the largest fleet market in Europe. The potential for digitization in the sector is immense.”
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