ID Systems (IDSY) to Acquire Pointer Telocation (PNTR) for About $140M in Cash and Stock
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I.D. Systems to Acquire Pointer Telocation, a Leading Telematics and Mobile IoT Solutions Company, for $140 Million in Cash and Stock
March 13, 2019 4:05 PM EDTCreates 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
WOODCLIFF LAKE, N.J., March 13, 2019 (GLOBE... More
