Driivz Acquired by Vontier to Accelerate its e-Mobility Strategy
Driivz today announced its acquisition by Vontier Corporation (“Vontier”), a global industrial technology company focused on transportation and mobility solutions.
The acquisition accelerates Vontier’s strategy to provide smart, sustainable mobility solutions. Driivz’s white-label solutions allow utilities, gas and oil companies, automakers, and EV charging service providers to deliver a set of advanced, yet easy-to-use solutions to players in the ecosystem such as fleets, hosts, municipalities, commercial and industrial buildings and MDUs.
Driivz will continue to be led by Doron Frenkel and will be run as an independent company, a wholly owned subsidiary of Vontier.
“Vontier believes the next decade could bring the most significant changes to global mobility since the invention of the automobile. Clean, efficient fueling technology is no longer optional,” said Mark Morelli, President and CEO of Vontier. “The acquisition of Driivz accelerates our portfolio diversification and emobility strategies toward long-term secular growth drivers and positions us well to capitalize on the global EV Charging Infrastructure (EVCI) market opportunities. Driivz provides us with market leading technologies within the highest growth, most profitable network management software market segment. We are excited to offer our customers best-in-class software that is hardware agnostic and the ability to continue to own the consumer experience.”
“This acquisition will accelerate our market leadership in EV charging and smart energy management,” said Doron Frenkel, Driivz founder and CEO. “With the most scalable platform, innovative technology and flexible business models, we can drive broader and deeper impact at a global scale. Our commitment is to our customers and to our motivated team of experts, who we will continuously cater for customers’ current and future needs.”
View the press release.