- The company was already doing well but then it made a smart acquisition of Pointer Telocation, which is a larger company than PowerFleet itself.
- The acquisition will likely provide a significant boost to growth and margins, given the revenue and cost synergies.
- Pointer also generates a much higher proportion of revenues from services and recurring revenues.
- Valuation multiples aren’t excessive.
PowerFleet Is Powering Ahead
January 29th, 2020 · No Comments