French startup NAVX, who provide real-time retail fuel pricing and parking data to auto manufacturers, PND manufacturers and mobile operators, have just been acquired by Oil Price Information Service (OPIS), a global provider of oil industry pricing. The value of the deal was not made public.
Founded in 2006 by Florent Boutellier and Jean Cherbonnier, NAVX are a DaaS (data as a service) provider offering near real-time data to end-users, such as fuel prices, parking information, EV points of charge. Since their founding they’ve built up an impressive customer list, with many of the top brands looking to lead in the connected car space, including BMW, Audi, Toyota, Renault, Citroën, Peugeot, Mazda, Nissan and Daimler.
This deal will provide significant value to both companies as it will combine OPIS’s deep information on US fuel pricing and NAVX’s extensive data on pricing from 30 countries in Europe plus Mexico and Brazil. With OPIS’s 2013 acquisition of US-based startup gasbuddy.com, OPIS will now be able to position themselves as one of the most comprehensive global providers of this type of information in the industry.
NAVX is currently headquartered in Paris, but have based most of their 16 employees in Romania. However, the team will likely expand as Cherbonnier has revealed that they have their eyes set on expanding the newly created NAVX-OPIS brand in Asia.
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