Netradyne's acquisition of Moove Connected Mobility signals a major expansion into the European fleet management sector, promising advanced AI-powered solutions for businesses across the continent.
AI-powered fleet safety and performance solutions Netradyne on Tuesday announced the acquisition of European fleet intelligence and connected mobility company Moove Connected Mobility for an undisclosed sum.
Following the acquisition, Moove will become part of Netradyne Europe, serving as a central operating hub for regional sales, customer engagement, partnerships, and market development, the company said in a statement.
The combined organisation will allow Netradyne to accelerate growth in Europe while maintaining close proximity to customers, regulators, and ecosystem partners, it said, adding this acquisition represents a significant milestone in Netradyne's global expansion and underscores the company's long-term commitment to Europe as a core strategic region.
"By bringing together Moove's local expertise and relationships with Netradyne's AI platform, we are uniquely positioned to support European fleets at scale while staying deeply anchored in the region," said Avneesh Agrawal, CEO and Co-Founder of Netradyne.
The acquisition also strengthens Netradyne's ability to support global customers seeking a unified, AI-powered fleet platform across North America, Europe, and Asia, it said.
Jeroen Bruinooge, former CEO of Moove Connected Mobility, will assume the role of senior vice president and general manager for Europe at Netradyne, it added.