Pointer Telocation is a provider of innovative telematics and mobile IoT solutions to the logistics (cargo, assets and containers) industry.
I.D. Systems, Inc., Woodcliff Lake, N.J., announced plans to acquire Pointer Telocation Ltd., Israel, forapproximately $140 million.
Chris Wolfe, chief executive officer of I.D. Systems, and Ned Mavrommatis, chief financial officer of I.D. Systems, will lead the combined company with David Mahlab, chief executive officer of Pointer, to serve as CEO international and as a member of the PowerFleet board of directors. Yaniv Dorani, chief financial officer of Pointer, will serve as deputy to CEO international.