PNTR - I.D. Systems To Acquire Pointer Telocation In Transformational Combination
Quick Take
I.D. Systems (IDSY) announced it has agreed to acquire Pointer Telocation (PNTR) for $140 million.
Pointer Telocation provides telematics and mobile Internet of Things [IoT] solutions for the automotive industry.
IDSY and Pointer are combining to increase global scale and integrate vertically to enable the new entity to take advantage of cross-selling opportunities and improve its value proposition to global logistics customers.
Target Company
HaMerkaz, Israel-based Pointer Telocation was founded in 1991 to help insurance, automotive as well as cargo, assets, and containers logistics companies better manage assets and