Representative Matters

Powerfleet Closes Strategic Acquisition and Related Financing of Fleet Complete

On October 1, 2024, Powerfleet, Inc. (Nasdaq: AIOT), a leading global provider of AIoT SaaS solutions for the mobile asset industry, completed its acquisition and related financing of Fleet Complete, a key player in connected vehicle technology and fleet management. This acquisition expands Powerfleet’s footprint in both North America and Europe.

Aird & Berlis represented Powerfleet in the transaction with a team led by Jeffrey Merk and including Liam Tracey-Raymont, Karlie Nordstrom and Christian Nianiaris (Capital Markets), Sam Billard and Jenaya McLean (Financial Services), Paige Backman (Privacy), Alex Kagan (Labour & Employment), Ken Clark (Intellectual Property), Faruk Gafic and Jasraj Shergill (Real Estate), Stephen Zolf and Portia Biswas (Competition; Investment Canada Act), and Manjit Singh, Saam Nainifard and Angelo Gentile (Tax).