Pointer Telocation To Acquire Stake In Shagrir Systems

News: Israel-based Pointer Telocation has entered into an agreement with certain shareholders of Shagrir Systems with an aim to purchase 41.8% stake in Shagrir. The acquisition will enable Pointer to own 96.3% interest in Shagrir. Remaining 3.7% stake will be held by current and former managers of Shagrir. A definitive agreement is due to be signed by December 31 and the transaction is expected to be completed by March 31 2014.

Pointer Telocation To Acquire Stake In Shagrir Systems

News: Israel-based Pointer Telocation has entered into an agreement with certain shareholders of Shagrir Systems with an aim to purchase 41.8% stake in Shagrir. The acquisition will enable Pointer to own 96.3% interest in Shagrir. Remaining 3.7% stake will be held by current and former managers of Shagrir. A definitive agreement is due to be signed by December 31 and the transaction is expected to be completed by March 31 2014.

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