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
08 November 2023 - 17:52
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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