MiX Telematics looks forward to PowerFleet merger
Fleet management group bullish on prospects for combined entity that will have greater market exposure and access to more capital
Fleet management and vehicle-tracking company MiX Telematics is pinning its hopes on a merger with US-based internet of things (IoT) specialist PowerFleet to take its business to a bigger market and larger pools of investor capital.
Last month, the Midrand-based company announced plans for a merger with PowerFleet that will see it delist from the JSE — joining the likes of tech rivals such as Jasco, Adapt IT, Alaris, Etion and Alviva over the past two years...
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