Pointer Telocation Announces Purchase of Activity in South Africa

Rosh HaAyin, Israel, October 02, 2017. Pointer Telocation Ltd. (Nasdaq: PNTR
& TASE: PNTR) – a leading developer and operator of Fleet and Mobile Resource
Management (MRM) solutions, announced that it has concluded an agreement for the
purchase of the activity of a South African company to be integrated into Pointer’s
South African subsidiary. The activity includes a fleet of approximately 2,400
vehicles.

David Mahlab, CEO of Pointer, commented: “We are pleased to announce another
acquisition. This is in line with our strategy for inorganic growth to complement our
organic growth. We intend to continue our strategy of pursuing accretive acquisitions
that will expand our footprint and strengthen our position particularly in the territories
in which we are already active.”

You can find the complete release here.