PowerFleet completed merger with MiX Telematics in a $139m deal.

PowerFleet, an internet of things software-as-a-service solutions, agreed completed merger with MiX Telematics, a provider of fleet and mobile asset management solutions, in a $139m deal. "By leveraging our proven SaaS strategy across the combined business, spearheaded by our Unity platform and data highway, we firmly believe we will be extremely well positioned to drive incremental market consolidation. Realizing transformative scale, this transaction with MiX will provide the go-forward company with 1.7m subscribers, and the ability to sell additive and accelerated AI and data-powered software solutions to a truly global set of customers," Steve Towe, Powerfleet CEO.