MiX Telematics Acquired by PowerFleet, Inc.

The latest announcement is out from MiX Telematics (MIXT).

MiX Telematics Limited, a South African public company, has successfully reached an agreement where its entirety will be acquired by PowerFleet, Inc. This move will make MiX Telematics a wholly owned subsidiary of PowerFleet. The acquisition process, which operates under a scheme of arrangement compliant with South African law, is now unconditional following the fulfillment or waiver of all necessary conditions. The completion of this transaction is a significant event for both companies and their shareholders, marking a new chapter in their corporate narratives.

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