Deal typeTransaction Services
IndustryTechnology & Media
Client nameOrange
Orange Business and Shiftmove announce that they have signed an exclusivity agreement for the acquisition of the Océan business by Shiftmove.
Océan is the Fleet Management activity of Orange Business, currently supporting thousands of corporate clients and public organizations in the efficient management of their vehicle fleets, machinery and trucks. Fleets operated by Océan’s clients account for nearly 170,000 vehicles across France.
Through their Software-as-a-Service platform and tailored services, Océan enables companies to make informed decisions allowing them to optimize costs, enhance employee safety and meet their environmental commitments regarding their fleets.
This proposed transaction comes as part of Orange Business’s continued execution of its strategy of refocusing its business portfolio and optimizing its investments on key strategic priorities. The proposed acquisition by Shiftmove, a pure player that is committed to consolidating the market, will benefit Océan and help maximize its growth potential.
The BDO Deal Advisory teams have perfomed the Financial Vendor Due Diligence, Carveout Advisory and SPA Advisory.
Océan is the Fleet Management activity of Orange Business, currently supporting thousands of corporate clients and public organizations in the efficient management of their vehicle fleets, machinery and trucks. Fleets operated by Océan’s clients account for nearly 170,000 vehicles across France.
Through their Software-as-a-Service platform and tailored services, Océan enables companies to make informed decisions allowing them to optimize costs, enhance employee safety and meet their environmental commitments regarding their fleets.
This proposed transaction comes as part of Orange Business’s continued execution of its strategy of refocusing its business portfolio and optimizing its investments on key strategic priorities. The proposed acquisition by Shiftmove, a pure player that is committed to consolidating the market, will benefit Océan and help maximize its growth potential.
The BDO Deal Advisory teams have perfomed the Financial Vendor Due Diligence, Carveout Advisory and SPA Advisory.