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Key Developments: Pointer Telocation Ltd (PNTR.OQ)

PNTR.OQ on NASDAQ Stock Exchange Capital Market

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Latest Key Developments (Source: Significant Developments)

Pointer Telocation Ltd to fully acquire Pointer Recuperación de México
Thursday, 3 Sep 2015 11:38am EDT 

Pointer Telocation Ltd:Has entered into a definitive agreement with Pointer Recuperación de México S. de R.L. de C.V. to acquire 26 pct of the issued share capital of Pointer Recuperación de México, S.A. de C.V.Following the completion of the transaction Pointer will hold 100 pct of issued share capital of Pointer Mexico.In consideration for the 26% interest in Pointer Mexico, Pointer is issuing to seller an aggregate of 81,081 ordinary shares.  Full Article

Pointer Telocation announces plan to spin-off shagrir business
Monday, 1 Dec 2014 08:35am EST 

Pointer Telocation Ltd:Approves a plan to spin off certain assets and liabilities of its wholly owned subsidiary, Shagrir Systems Ltd into a new entity.Shagrir's current Road Side Assistance (RSA) and other related services shall be purchased by NewCo.Following the spin-off, Shagrir, with its remaining business consisting of Mobile Resource Management (MRM), will be merged into Pointer.Merger is expected to become effective as of Dec. 31.Pointer shares will continue to trade on the Nasdaq under the symbol 'PNTR' after the Distribution is completed.  Full Article

Pointer Telocation Ltd acquires Global Telematics
Tuesday, 9 Sep 2014 08:58am EDT 

Pointer Telocation Ltd:Acquires 100 pct interest in Global Telematics S.A. Proprietary Limited (Global Telematics).  Full Article

Pointer Telocation Ltd announces win of $1.3 mln project to provide advanced cargo tracking solutions in Africa
Monday, 25 Aug 2014 06:02am EDT 

Pointer Telocation Ltd:Says it has been awarded a supply contract to provide cargo tracking solutions for a customer in Africa.Contract is worth about $1.3 mln with revenues expected to be recorded in the second half of 2014.  Full Article