ROSH HAAYIN, Israel,
Oct. 2, 2017 /PRNewswire/ -- Pointer Telocation
Ltd. (Nasdaq: PNTR) (TASE: PNTR) – a leading developer and
operator of Fleet and Mobile Resource Management (MRM) solutions,
announced that it has concluded an agreement for the purchase of
the activity of a South African company to be integrated into
Pointer's South African subsidiary. The activity includes a fleet
of approximately 2,400 vehicles.
David Mahlab, CEO of Pointer,
commented: "We are pleased to announce another acquisition.
This is in line with our strategy for inorganic growth to
complement our organic growth. We intend to continue our strategy
of pursuing accretive acquisitions that will expand our footprint
and strengthen our position particularly in the territories in
which we are already active."
About Pointer Telocation
For over 20 years, Pointer has rewritten the rules for the
Mobile Resource Management (MRM) market and is a pioneer in
the Connected Car segment. Pointer has in-depth knowledge of
the needs of this market and has developed a full suite of tools,
technology and services to respond to them. The vehicles of the
future will be intimately networked with the outside world,
enhancing and optimizing the in-car experience.
Pointer's innovative and reliable cloud-based
software-as-a-service (SAAS) platform extracts and captures an
organization's critical mobility data points – from office,
drivers, routes, points-of-interest, logistic-network, vehicles,
trailers, containers and cargo. The SAAS platform analyzes the raw
data converting it into valuable information for Pointer's
customers providing them with actionable insights and thus enabling
the customers to improve their bottom line and increase their
profitably.
Forward Looking Statements
This press release contains historical information and
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995 with respect to the
business, financial condition and results of operations of the
Company. The words "believe," "expect," "anticipate," "intend,"
"seems," "plan," "aim," "should" and similar expressions are
intended to identify forward-looking statements. Such statements
reflect the current views, assumptions and expectations of the
Company with respect to future events and are subject to risks and
uncertainties. Many factors could cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements that
may be expressed or implied by such forward-looking statements,
including, among others, changes in the markets in which the
Company operates and in general economic and business conditions,
loss or gain of key customers and unpredictable sales cycles,
competitive pressures, market acceptance of new products, inability
to meet efficiency and cost reduction objectives, changes in
business strategy and various other factors, both referenced and
not referenced in this press release. Various risks and
uncertainties may affect the Company and its results of operations,
as described in reports filed by the Company with the Securities
and Exchange Commission from time to time. The Company does not
assume any obligation to update these forward-looking
statements.
Contacts:
|
|
Yaniv Dorani, VP
Finance & CFO
|
Gavriel Frohwein/ Ehud
Helft, GK
Investor Relations
|
Tel.: +972-3-572
3111
|
Tel:
+1-646-688-3559
|
E-mail:
yanivd@pointer.com
|
E-mail:
pointer@gkir.com
|
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SOURCE Pointer Telocation Ltd