MiX Telematics to acquire the field service management business of Trimble.

MiX Telematics, a SaaS provider of connected fleet management solutions, agreed to acquire the field service management business of Trimble, an industrial technology company. Financial terms were not disclosed. "MiX Telematics focuses on providing the highest levels of value and customer satisfaction in multiple industries, and we look forward to offering these services to our new customers. The MiX and Trimble Field Service Management teams are working very closely together to ensure a seamless transition. The combination adds significant scale to our North American telematics subscriber base while diversifying that business into additional industry verticals. North America is a strategic priority for MiX, and we are well positioned to pursue M&A opportunities to bolster our regional organic growth investment," Stefan Joselowitz, MiX Telematics CEO and President.