I.D. Systems to Acquire Pointer Telocation, a Leading Telematics and Mobile IoT Solutions Company, for $140 Million in Cash and Stock

PRNewswire

Mar 14, 2019

- Creates Leading, Global IoT Telematics Software and Solutions Company to be Rebranded PowerFleet, Inc.

- Combined Company with 500,000+ Monthly Subscribers at Closing and Expected 600,000+ Subscribers by End of 2019

- Combination Provides Significant Operational Synergies and Financial Scale with $131 Million of Total Revenue, including $72 Million of High-Margin Recurring Solutions and Services Revenue in 2018

- Company Also Secures $50 Million Strategic Growth Equity Investment from Abry Partners

- Conference Call Scheduled for Tomorrow, March 14, 2019 at 9:00 a.m. Eastern time

PR Newswire

WOODCLIFF LAKE, New Jersey, March 13, 2019

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