Powerfleet finalizes strategic acquisition of Fleet Complete to solidify its position as a global leader in the AIoT market
Acquiring Company
PowerFleet
Acquired Company
Fleet Complete
Woodcliff LakeHardwareSoftwareArtificial IntelligenceSaaSEnterprise SoftwareHardwareFleet ManagementDescription
Powerfleet, Inc. has entered into a definitive agreement for the strategic acquisition of Fleet Complete, aimed at enhancing revenue quality, bolstering EBITDA, and increasing scale and operating presence across North America and Europe. The acquisition is expected to strengthen Powerfleet's go-to-market reach through channel partnerships and drive toward 'Rule of 40' SaaS financial performance.
Quick answer
PowerFleet is acquiring Fleet Complete, announced September 18, 2024. PowerFleet is based in Woodcliff Lake, New Jersey, United States.
- How much did PowerFleet pay for Fleet Complete?
- 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 Fleet Complete 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
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Frequently asked
Who acquired Fleet Complete?
Fleet Complete was acquired by PowerFleet, based in Woodcliff Lake. The deal was reported on September 18, 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 Fleet Complete?
PowerFleet's acquisition of Fleet Complete was reported on September 18, 2024. Powerfleet, Inc. has entered into a definitive agreement for the strategic acquisition of Fleet Complete, aimed at enhancing revenue quality, bolstering EBITDA, and increasing scale and operating presence across North America and Europe. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Fleet Complete do?
Fleet Complete is a prominent provider of fleet, asset, and mobile workforce management solutions across North America, Australia, and Europe. It is privately held, operating in Hardware.
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