South African vehicle tracking group MiX Telematics (MiX) has announced that diversified industrial holdings group Imperial has acquired a strategic stake of 25.4% in MiX.
MiX pointed to an existing business relationship with Imperial through Imperial’s almost 250 new and used vehicle dealerships.
“These dealerships form an important distribution channel for MiX’s vehicle tracking brand, Matrix.
“Several of MiX’s other products in the fleet management arena, which are successfully marketed in South Africa and abroad, may also find applications in the Imperial group,” it said.
Mix said a strategic shareholding would further strengthen the relationship between MiX and Imperial.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData