Connect with us

Hi, what are you looking for?

Jewish Business News


I.D. Systems to Acquire Mobile IoT Solutions Pointer Telocation for $140 Million

Pointer CEO David Mahalav

The US I.D. Systems is acquiring the Israeli company Pointer Telocation for $140 million. The payment comprised of $72 million in cash and $11 million shares of PowerFleet, Inc., a newly-created holding company.

According to Pointer’s announcement, the deal is expected to close in the summer of 2019. The new company PowerFleet will be traded on the Tel Aviv Stock Exchange and NASDAQ.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Pointer Telocation buys out partner in Brazilian subsidiary

Under CEO David Mahalav management Pointer provides mobile resource management (MRM) solutions, such as location-based services, fleet management, and asset tracking. It is also a provider of telematics, mobile IoT solutions to the automotive, insurance and logistics industries.

The products Pointer provides include two-way car communication and connection to the vehicle’s computer. The products are all connected to GPS and communications on cellular lines as well as to the vehicle array, around which they create a whole world with applications around.

In May 2018, private equity firm DBSI sold close to one-third of Pointer’s shares, for $10 million. The transaction was based on a price of $14 per Pointer share, followed by DBSI in Pointer from 27% to 18.5%, with a current holding value of $20.5 million.

Under the deal, approximately 8.5% of Pointer’s share capital “changed hands”, according to market estimates, the buyers of shares from DBSI are Altshuler Shaham and two other entities, Israeli Globes reported.

I.D. Systems was founded in 1993 by two engineers who graduated from Stanford University and now has customers such as Ford, AVIS, and the US Post Office. Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas, Florida, Germany, and the United Kingdom.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.