Powerfleet completed the acquisition of Movingdots from Swiss Re.

Powerfleet, a provider of Internet of Things and software-as-a-service solutions that optimize the performance of mobile assets and resources to unify business operations, completed the acquisition of Movingdots, a company that specializes in delivering people-powered, advanced technology, and data insights to optimize assets and business, from Swiss Re, a providers of reinsurance, insurance and other forms of insurance-based risk transfer. Financial terms were not disclosed. “I look forward to welcoming Movingdots’ exceptional team and great customers to Powerfleet. World-class insurance telematics solutions as well as ESG reporting are core to Movingdots’ business and are highly aligned and complementary to Powerfleet’s strategic focus on safety and sustainability. We look forward to the partnership as we bring these industry-leading solutions to an expanded market through Powerfleet’s customer base and global go-to-market channels,” Steve Towe, Powerfleet CEO.