What's New
Imperial buys a strategic stake in MiX Telematics
12 March 2010
MiX Telematics already has a business relationship with Imperial through Imperial's almost 250 new and used vehicle dealerships. These dealerships form an important distribution channel for MiX Telematics' vehicle tracking brand, Matrix. Several of MiX Telematics' other products in the fleet management arena, which are successfully marketed in South Africa and abroad, may also find applications in the Imperial group. This strategic shareholding will further strengthen the relationship between MiX Telematics and Imperial. As part of this acquisition, MiX Telematics' BEE partner, Kagiso Trust Investments (Pty) Ltd, has transferred its holding in MiX Telematics out of Kagiso Strategic Investments (Pty) Ltd and into a new company that it has formed with IMPERIAL. It is expected that MiX Telematics' BEE credentials will be enhanced by these transactions.
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