• 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.

Source: PowerFleet Is Powering Ahead – PowerFleet, Inc. (NASDAQ:PWFL) | Seeking Alpha