Vontier completes $220 million sale of Teletrac Navman

Vontier Corporation has finalized the sale of a majority of Teletrac Navman, its global fleet management, telematics, and asset management business, for a total transaction value of $220 million. The deal generated approximately $80 million in cash proceeds for Vontier. The company utilized these funds to execute share repurchases totaling $130 million during the second quarter, adhering to its stated capital allocation policy.

The divestiture was completed on June 30, 2026. Consequently, the financial results for the Teletrac Navman business, which were previously reported within the Mobility Technologies segment, will now be excluded from Vontier's continuing operations effective immediately.

Transaction Details

The sale marks a strategic shift for Vontier as it streamlines its portfolio. The majority stake sale allows the company to focus on its core industrial technology operations while returning capital to shareholders through the repurchase program.

Metric	Value
Total transaction value	$220 million
Cash proceeds to Vontier	~$80 million
Share repurchases in Q2	$130 million
Completion date	June 30, 2026

Vontier Corporation is a global industrial technology company that provides productivity, automation, and multi-energy technologies. The company focuses on delivering solutions for the connected mobility ecosystem.

Driivz, a Vontier (NYSE: VNT) company and a leading global software supplier to electric vehicle (EV) charging operators, has entered a strategic partnership with Iberdrola | bp pulse. The collaboration focuses on managing and optimizing a network of 2,500 fast and ultra-fast chargers. This partnership is expected to enhance operational efficiency for the EV charging service provider.

The agreement leverages Driivz's software capabilities to streamline the extensive charging infrastructure managed by Iberdrola | bp pulse. By integrating advanced management solutions, the partnership aims to improve the reliability and performance of the charging network.

Key Partnership Details

The strategic alliance between Driivz and Iberdrola | bp pulse centers on the optimization of a significant number of charging points. The following table outlines the primary scope of the collaboration: