Orange: Orange Business Enters Exclusive Talks for Ocan Sale to Shiftmove
Deal News | Apr 30, 2025 | Globenewswire
Orange Business and Shiftmove have entered exclusive negotiations for Shiftmove's acquisition of Ocan, the fleet management division of Orange Business. Ocan provides Software-as-a-Service solutions to numerous corporations and public organizations for managing vehicle fleets. The deal aligns with Orange Business's strategy to refocus its investments on key priorities and allows Ocan to optimize its growth potential under Shiftmove, which aims to become a European leader in digital fleet solutions by 2027. Shiftmove’s acquisition strategy strengthens its position in the European market, while Ocan, celebrating 20 years of innovation in telematics and fleet management, seeks to enhance its international presence and respond to evolving industry demands. Employee representatives from OBS S.A. will be consulted, with the transaction aiming to conclude by the end of 2025.
Sectors
- Telecommunications
- Fleet Management
- Software as a Service (SaaS)
- Venture Capital & Private Equity
Geography
- France – Ocan operates primarily in France, managing fleets for French businesses and public organizations.
- Europe – Shiftmove aims to establish itself as a leader in digital fleet solutions across Europe by 2027.
Industry
- Telecommunications – Orange is a leading telecommunications operator and its sale of Ocan is part of a strategy to focus investments on core telecom priorities.
- Fleet Management – Ocan is engaged in fleet management solutions, offering software and services to optimize vehicle operations for businesses.
- Software as a Service (SaaS) – Ocan provides SaaS platforms to its clients, enabling efficient management of vehicle fleets through digital solutions.
- Venture Capital & Private Equity – Shiftmove’s acquisition activities are backed by investments, specifically from Battery Ventures, a venture capital and private equity firm.
Financials
- 40.3 billion euros – Revenue reported by Orange Group in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Orange Business | Vendor | Company | A global provider of IT and telecommunications services, selling its fleet management division Ocan to Shiftmove. |
| Shiftmove | Acquirer | Company | A company focused on digital fleet solutions, seeking to expand its influence in Europe through strategic acquisitions. |
| Ocan | Target | Company | Fleet management division of Orange Business providing SaaS solutions for vehicle fleet optimization. |
| Battery Ventures | Investor | Company | The main investor in Shiftmove, supporting the acquisition strategy for expanding digital fleet management services. |
| Stéphane Peycelon | CEO | Person | CEO of Ocan, commenting on the strategic importance of the merger for Ocan's growth and innovation. |
| Taco van der Leij | Managing Director | Person | Managing Director of Shiftmove France, outlining Shiftmove’s strategic growth in Europe. |