Powerfleet, Inc and MiX Telematics Limited Complete Business Combination to Create Global AIoT SaaS Provider
Acquiring Company
PowerFleet
Acquired Company
MiX
Woodcliff LakeHardwareSoftwareArtificial IntelligenceSaaSEnterprise SoftwareSoftwareArtificial IntelligenceSaaSDescription
Powerfleet, Inc (Nasdaq: PWFL) and MiX Telematics Limited have successfully closed their previously announced business combination, forming one of the world's largest mobile asset Artificial Intelligence of Things (AIoT) Software-as-a-Service (SaaS) providers. The combination creates a scaled, global entity of choice focused on unifying business operations by simplifying how customers manage, analyze, and utilize data to drive improved business performance.
Quick answer
PowerFleet is acquiring MiX, announced April 2, 2024. PowerFleet is based in Woodcliff Lake, New Jersey, United States.
- How much did PowerFleet pay for MiX?
- The deal value was not disclosed.
- What does PowerFleet do?
- Powerfleet (Nasdaq: AIOT) is a global leader in AI-powered data solutions that optimize mobile asset performance, safety, and sustainability.
- Where are PowerFleet and MiX based?
- PowerFleet is based in Woodcliff Lake, New Jersey, United States.
- Who are the decision-makers at PowerFleet?
- Fundz holds 2 contacts at PowerFleet. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at PowerFleet, and when
When PowerFleet changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day PowerFleet raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at PowerFleet, from your own LinkedIn network
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Related People
Frequently asked
Who acquired MiX?
MiX was acquired by PowerFleet, based in Woodcliff Lake. The deal was reported on April 2, 2024. Powerfleet (Nasdaq: AIOT) is a global leader in AI-powered data solutions that optimize mobile asset performance, safety, and sustainability. PowerFleet is publicly traded (AIOT) and operates in Hardware.
When did PowerFleet acquire MiX?
PowerFleet's acquisition of MiX was reported on April 2, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does MiX do?
MiX is a global provider of fleet management and vehicle tracking solutions. The company offers services that enhance fleet efficiency and safety through innovative technology. MiX integrates hardware and software solutions to support a variety of clients. It is privately held, operating in Software.
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