Olshan Client Powerfleet To Acquire Fleet Complete

Olshan client Powerfleet, Inc. (Nasdaq: AIOT), a leading provider of AIoT SaaS solutions for the mobile asset industry, announced that it has entered into a definitive agreement providing for the strategic acquisition of Fleet Complete, a prominent company in connected vehicle technology and fleet management. With 2.6 million total combined subscribers and forecasted combined revenue of over $400 million, the acquisition is expected to solidify Powerfleet's position as a true global leader in the rapidly expanding AIoT market. Fleet Complete is a leading provider of essential fleet, asset and mobile workforce management solutions across North America, Australia and Europe. The Olshan team that represented Powerfleet in this transaction included Michael Neidell, Honghui Yu, John Corrado, Dakota Forsyth and Judith Renner from the Corporate/Securities Law group, K.C. Chiang from the Tax & Personal Planning group, Mary Grieco from the Intellectual Property Law group and Jeremy King from the Insurance Coverage Law group.