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MiX Telematics Concludes Strategic Review Process

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MiX Telematics Limited, a leading global provider of fleet and mobile
asset management solutions delivered as Software-as-a-Service to
customers in over 120 countries, today announced that its Board of
Directors has concluded its previously announced review of the Company's
strategic alternatives.

This extensive review, conducted with guidance from external advisors,
included the optimization of capital structures and an evaluation of
various ownership options, with the latter resulting in significant
interest from prospective buyers. At the completion of the process, the
Board of Directors concluded that continuing to execute on the Company's
strategic growth plans was the best path to maximizing long term
shareholder value.

See full press release

Posted-In: News Guidance Press Releases

 

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