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Slide #55. Pointer Telocation Ltd. — Remainder of Shagrir Systems Ltd.
Pointer Telocation Ltd. (PNTR)
Remainder of Shagrir Systems Ltd.
Pointer Telocation Ltd. (Nasdaq CM: PNTR) - a leading developer, manufacturer and operator of Mobile Resource Management (MRM), announced today that it has completed its previously announced acquisition of the 45.5% interest in Shagrir Systems Ltd. ("Shagrir") that it did not previously own, including Shagrir's management portion. Pointer now owns 100% and has fully consolidated the share capital of Shagrir.
Pointer Telocation is a provider of mobile resource management (MRM) products and services for the automotive, insurance industries and other mobile tracking markets. Co.'s products segment Cellocator, is focused on the design, development and production of MRM products including: devices for asset tracking; fleet management and security products. MRM. Communication systems contained within Co.'s products and tracking hardware utilize either radio frequency or GPRS/GSM technologies. Co.'s services segment MRM, offers a range of services including inter alia: asset tracking; fleet management services; and stolen vehicle retrieval services.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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