RMB pushes tech investment via R1.8bn funding to Powerfleet
The US-based internet of things (IoT) specialist has a primary listing on the Nasdaq
14 May 2024 - 16:52
Rand Merchant Bank (RMB) has backed Powerfleet’s business through a R1.8bn facility, another move underlining the investment bank’s continued push for investment in the technology sector.
In April, Mix Telematics concluded a deal to merge with PowerFleet that saw it delist from the JSE, joining tech rivals such as Jasco, Adapt IT, Alaris, Etion and Alviva over the past two years. ..
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