Powermers Smart Industries to go public via a SPAC merger with OCA Acquisition in a $2bn deal.

Powermers Smart Industries, a green-powered innovator at the intersection of modern engineering, fleet management solutions, and product platforms for the commercial transportation and industrial equipment sectors, agreed to go public via a SPAC merger with OCA Acquisition, a special purpose acquisition company, in a $2bn deal. "Our journey has resulted in a business combination with a premier partner that positions Powermers to accelerate its growth story. With PSI's talented team and market interest, this transaction is a meaningful step to realize the power of our business model, which is designed to help improve the carbon footprint of the commercial transportation and industrial equipment sector globally," Christopher Thorne, Powermers Smart Industries Chairman and CEO.