Powerfleet and MiX Telematics announce transformative business combination
Combination Expected to Create Top-Tier Global Provider in Mobile Asset IoT Industry with Unparalleled Artificial Intelligence Enhanced SaaS Solution Portfolio.
~1.7 Million Combined Subscriber Base Expected to Provide Immediate Scale.
Expected to Create a Day One Business with Total Revenue of $279 Million, Including $210 Million of Recurring High-Margin SaaS Revenues and Combined Service Gross Margins of 67%.
In Addition to Organic Growth, Combination is Expected to Unlock Significant Annual EBITDA Expansion Within First Two Years.
Expected to Deliver Significant... Read More