ABRY Partners Supports I.D. Systems Deal for Pointer Telocation

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ABRY Partners Supports I.D. Systems Deal for Pointer Telocation

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https://www.wsj.com/articles/abry-partners-supports-i-d-systems-deal-for-pointer-telocation-11552515988

I.D. Systems Inc., which provides technology that helps track industrial vehicles, rental cars and cargo, has agreed to buy Pointer Telocation Ltd. in a cash-and-stock deal worth about $140 million.

The combined company will be rebranded as PowerFleet Inc. and will receive a $50 million convertible preferred equity investment from private-equity firm Abry Partners.

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