ID Systems completed the acquisition of Pointer Telocation for $140m.

ID Systems, a leading provider of enterprise asset management and Industrial Internet of Things technology, completed the acquisition of Pointer Telocation, a leading provider of telematics and mobile IoT solutions for cash and stock transaction valued at $140m. Pointer Telocation is a leading provider of innovative telematics and mobile IoT solutions to the automotive, insurance and logistics industries. The combined company rebrands as PowerFleet. "The acquisition culminates a two-year strategic working relationship between Pointer and I.D. Systems. Together, I.D. Systems and Pointer will have the advantage of being vertically integrated, unlike any of our competitors in the market. PowerFleet will deliver high-value, technology leading, IoT products globally." David Mahlab, Pointer President and CEO.