Pointer Telocation announces purchase of South African company, growing footprint
Pointer Telocation Ltd. a developer and operator of Fleet and Mobile Resource Management solutions, announced that it has concluded an agreement for the purchase of the activity of a South African company to be integrated into Pointer's South African subsidiary. The activity includes a fleet of approximately 2,400 vehicles.
David Mahlab, CEO of Pointer, commented: "We are pleased to announce another acquisition. This is in line with our strategy for inorganic growth to complement our organic growth. We intend to continue our strategy of pursuing accretive acquisitions that will expand our footprint and strengthen our position particularly in the territories in which we are already active."
For over 20 years, Pointer has rewritten the rules for the Mobile Resource Management (MRM) market and is a pioneer in the Connected Car segment. Pointer has in-depth knowledge of the needs of this market and has developed a full suite of tools, technology and services to respond to them. The vehicles of the future will be intimately networked with the outside world, enhancing and optimizing the in-car experience.
Pointer's innovative and reliable cloud-based software-as-a-service (SAAS) platform extracts and captures an organization's critical mobility data points – from office, drivers, routes, points-of-interest, logistic-network, vehicles, trailers, containers and cargo.
The SAAS platform analyzes the raw data converting it into valuable information for Pointer's customers providing them with actionable insights and thus enabling the customers to improve their bottom line and increase their profitably.