Orange Business Enters Exclusive Talks with Shiftmove for Fleet Management Sale

Orange Business and Shiftmove have entered into exclusive negotiations regarding the acquisition of Orange Business's Ocean fleet management division by Shiftmove. Ocean, equipped with a SaaS platform and tailored services, currently manages a fleet of approximately 170,000 vehicles for various companies and governmental bodies throughout France. This exclusive deal is aligned with Orange Business's strategy to focus its portfolio on core strategic areas by divesting certain operations. Shiftmove aims for Ocean's acquisition to strengthen its position and catalyze its growth in the digital fleet management landscape, with ambitions to manage over one million vehicles and become the European leader by 2027. Ocean, celebrating two decades of expertise, aims to leverage this opportunity to enhance its technological capabilities and solidify its market presence. Both companies are looking to create synergies that will both anticipate technological advancements and meet evolving client expectations in the telematics sector. The acquisition is expected to be finalized by the end of 2025, subject to consultations with employee representatives. The deal exemplifies Shiftmove's strategic emphasis on expansion in France and its broader European operations.