---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-037026"
form_type: "8-K"
ticker: "AIOT"
cik: "0001774170"
company_name: "Powerfleet, Inc."
filed_at: "2024-09-18T23:59:59+00:00"
generated_at: "2026-05-31T03:59:40.503615+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Powerfleet to acquire Fleet Complete for $200M; expects combined revenue >$400M

## Summary
- Total purchase price $200M; $125M senior debt, $70M PIPE at $3.50/share, $15M stock to OTPP.
- Combined pro forma revenue ~$405M ($300M+ recurring SaaS) and adjusted EBITDA $85M for FY ending Mar 31, 2025.
- Transaction valued at 8x pre-synergy and 5x post-synergy EBITDA; expected to close Oct 1, 2024.
- Fleet Complete adds 600k Unity subscribers; combined total 2.6M subscribers across 6 continents.
- Expects ~$15M in revenue and cost synergies within two years of close.

## SEC filing metadata
- accession: 0001493152-24-037026
- form_type: 8-K
- ticker: AIOT
- cik: 0001774170
- company_name: Powerfleet, Inc.
- filed_at: 2024-09-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1774170/000149315224037026/0001493152-24-037026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1774170/000149315224037026/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-037026
- JSON: https://secwatch.observer/filing/0001493152-24-037026.json
- Plain text: https://secwatch.observer/filing/0001493152-24-037026.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.