PowerFleet - M&A Summary and Business Overview

Technology HardwareCompany

PowerFleet M&A Summary

PowerFleet has acquired 5 companies, including 2 in the last 5 years.

PowerFleet’s largest acquisition to date was in 2008, when it acquired International Electronics - PowerKey for $500M. PowerFleet has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include software (40%) and technology hardware (40%).

PowerFleet Business Overview

Where is PowerFleet headquartered?

PowerFleet is headquartered in Woodcliff Lake, New Jersey.

What is PowerFleet’s revenue?

PowerFleet disclosed revenue of 134M USD for 2023 and 136M USD for 2022.

How many employees does PowerFleet have?

PowerFleet has 1,954 employees.

What sector is PowerFleet in?

PowerFleet is a technology hardware company.

When was PowerFleet founded?

PowerFleet was founded in 1993.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity5
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2
  • M&A Advisors 3

PowerFleet

PowerFleet, Inc.

123 Tice Boulevard, Suite 101,
Woodcliff Lake, New Jersey 07677
United States,
(201) 996-9000
www.powerfleet.com

PowerFleet is a manufacturer of communication equipment for wireless M2M solutions to securing, tracking and managing high-value enterprise assets, including industrial vehicles such as forklifts, airport ground support and handling equipment, transportation assets including trailers and containers and even rental car fleets. PowerFleet was founded in 1993 and is based in Woodcliff Lake, New Jersey.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 - - - 1 - 5
vol $664M $664M
Sell (0.0/yr) # - - - - - - 0
  5

Most Recent M&A

Company Date Value Type
MiX Telematics Ltd. 2023-10-10 - Merger
Boca Raton, Florida · www.mixtelematics.com
Pointer Telocation Ltd. 2019-03-13 140M USD Add-on Acquisition
Rosh Haayin, Israel · www.pointer.com
Keytroller LLC 2017-07-11 9M USD Add-on Acquisition
Tampa, Florida · www.keytroller.com
GE Asset Intelligence LLC 2010-01-07 15M USD Divestiture
Barrington, Illinois
International Electronics - PowerKey 2008-04-21 500M USD Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 2 (40%) 15M (2%) - -
Technology Hardware 2 (40%) 149M (22%) - -
Automotive 1 (20%) 500M (75%) - -
Total 5 $664M - -

By Geo

State/Country Buy Value Sell Value
United States 4 524M - -
  Florida 2 9M - -
  Illinois 1 15M - -
Israel 1 140M - -
Domestic 4 (80%) 524M (79%) - -
Cross-border 1 (20%) 140M (21%) - -
Total 5 $664M - -

Top M&A Advisors

Financial Deals
Canaccord Genuity Corp.
 1
Legal Deals
Goldfarb Seligman
 1
Olshan Frome Wolosky
 1

Deal Values

buy # Total
$100M to $1B 2 $640M
< $100M 2 $24M
TOTAL $664M
Largest International Electronics - PowerKey
$500M (2008-04-21)

M&A Connections

Deals
Acquired from
Strategic(s)
40%
2 (40%)

Company Summary

SECTOR

Technology Hardware

Revenue

134   2% 2023
136   8% 2022
126   11% 2021
114   40% 2020
82   55% 2019
53   30% 2018
41   11% 2017
37   12% 2016
42   9% 2015
46   16% 2014
40   11% 2013
45   2012
(millions of USD) Show More Show Less

Employees

1,954

Established

1993

Public

NASDAQ: AIOT

Former Name

ID Systems, Inc.

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