News
2024-05-15
Powerfleet Inc unlocks value with $100m funding package from RMB
RMB acted as the Sole Mandated Lead Arranger and Funder of a USD100m funding package to Powerfleet Inc ("Powerfleet"), a global telematics business listed on the Nasdaq, with a secondary listing on the Johannesburg Stock Exchange (JSE). The entity was created from a merger between Powerfleet and Mix Telematics Limited (“Mix”). The combined business aims to become a top-tier global provider of Internet of Things (IoT) and Software as a Service (SaaS) solutions that optimise the performance of mobile assets.
