M&A Deal Summary |
|
|---|---|
| Date | 2008-04-21 |
| Target | International Electronics - PowerKey |
| Sector | Automotive |
| Buyer(s) | PowerFleet |
| Sellers(s) | International Electronics |
| Deal Type | Divestiture |
| Deal Value | 500M USD |
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| Category | Company |
|---|---|
| Founded | 1993 |
| Sector | Technology Hardware |
| Employees | 1,954 |
| Revenue | 134M USD (2023) |
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.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 5 |
| Sector (Automotive) | 1 of 1 |
| Type (Divestiture) | 1 of 2 |
| Country (United States) | 1 of 4 |
| Year (2008) | 1 of 1 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-01-07 |
GE Asset Intelligence
Barrington, Illinois, United States GE Asset Intelligence LLC is a provider of software technologies with satellite and cellular communications to deliver reliable, data-driven telematics solutions for supply chain asset management. |
Buy | $15M |
| Category | Company |
|---|---|
| Sector | Electrical Equipment |
| Employees | 64 |
International Electronics LLC is a manufacturer of access control and security equipment.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Automotive) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2008) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
