M&A Deal Summary

PowerFleet Acquires MiX Telematics

On October 10, 2023, PowerFleet acquired software company MiX Telematics

Acquisition Highlights
  • This is PowerFleet’s 2nd transaction in the Software sector.
  • This is PowerFleet’s 4th transaction in the United States.
  • This is PowerFleet’s 2nd transaction in Florida.

M&A Deal Summary
Date 2023-10-10
Target MiX Telematics
Sector Software
Buyer(s) PowerFleet
Deal Type Merger

Target

MiX Telematics

Boca Raton, Florida, United States
MiX Telematics is a provider of fleet and mobile asset management solutions delivered as SaaS to 838,300 global subscribers spanning more than 120 countries. The company's products and services provide enterprise fleets, small fleets, and consumers with solutions for efficiency, safety, compliance, and security. MiX Telematics was founded in 1996 and is based in Boca Raton, Florida.

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Buyer(S) 1

Buyer

PowerFleet

Woodcliff Lake, New Jersey, United States
Category Company
Founded 1993
Sector Technology Hardware
Employees1,954
Revenue 134M USD (2023)
DESCRIPTION

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 5 of 5
Sector (Software) 2 of 2
Type (Merger) 1 of 1
State (Florida) 2 of 2
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-13 Pointer Telocation

Rosh Haayin, Israel

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.

Buy $140M
Mergr

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