Combined business with total revenue of $279 million, including $210 million in recurring high-margin SaaS revenue and $39 million of adjusted EBITDA for the trailing twelve-month (TTM) period ended June 30, 2023 (excluding selected non-cash and non-recurring items).
The transaction is expected to close in the first quarter of calendar year 2024.
Upon close, the combined business will be branded as Powerfleet, with its primary listing on Nasdaq.
The transaction is expected to close in the first quarter of calendar year 2024.
Upon close, the combined business will be branded as Powerfleet, with its primary listing on Nasdaq.