M&A Deal Summary

Pointer Telocation Acquires Clelo Ind Mecatronica

On August 29, 2016, Pointer Telocation acquired technology hardware company Clelo Ind Mecatronica for 7M USD

Acquisition Highlights
  • This is Pointer Telocation’s 1st transaction in the Technology Hardware sector.
  • This is Pointer Telocation’s largest (disclosed) transaction.
  • This is Pointer Telocation’s 1st transaction in Brazil.

M&A Deal Summary

Date 2016-08-29
Target Clelo Ind Mecatronica
Sector Technology Hardware
Buyer(s) Pointer Telocation
Deal Type Add-on Acquisition
Deal Value 7M USD

Target

Clelo Ind Mecatronica

Vila Reis, Brazil
Clelo Ind Mecatronica Ltda.(Cielo Telecom) is a fleet management services company based in South Brazil. Cielo Telecom manages fleet customers covering approximately 16,000 trucks.

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Buyer(S) 1

Buyer

Pointer Telocation

Rosh Haayin, Israel

Category Company
Founded 1991
Sector Technology Hardware
Employees874
Revenue 78M USD (2018)
DESCRIPTION

Pointer Telocation Ltd. is a provider of communication products and technology, and Software as a Service (SaaS) to the Fleet, Automotive, Insurance, Cargo and Public-safety industries. Pointer has deep knowledge of the needs of the MRM market and developed a full suite of tools, technology, and services to address them. Pointer Telocation innovative cloud-based SaaS platform extracts and captures an organization’s critical mobility data points, analyzes it and provides customers with actionable insights to improve bottom lines.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Brazil) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1