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Pointer Telocation

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This is an old revision of this page, as edited by Biosketch (talk | contribs) at 20:41, 16 March 2012 (Company delisted from TASE yesterday: http://maya.tase.co.il/bursa/report.asp?report_cd=709148-00&Type=Pdf). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
Pointer Telocation Ltd.
Company typePublic
Nasdaq: PNTR
PredecessorNexus Telocation Systems Ltd.
FoundedJuly 17, 1991 (1991-07-17)
Headquarters
Rosh HaAyin
,
Israel
Key people
David Mahlab (CEO & Pres.)
RevenueIncrease US$ 73.86 million (2010)
Increase US$ 6.64 million (2010)
Increase US$ 1.13 million (2010)
ParentDBSI Investments Ltd.
SubsidiariesShagrir Systems Ltd.
Websitewww.pointer.com
Footnotes / references
[1]

Pointer Telocation is a publicly traded company, headquartered in Israel, that develops automatic vehicle location solutions and provides roadside automotive service. Its shares are traded on the NASDAQ Capital Market and were listed on the Tel Aviv Stock Exchange until 2012.

Operations

Pointer Telocation operates in two areas of the motor vehicle services industry. The company provides RF- and GPS/GPRS-based automatic vehicle location solutions and command-and-control systems for fleet management and stolen vehicle recovery; and in addition, through its Shagrir subsidiary, it provides roadside assistance to motorists.[2]

Corporate history

Pointer was originally the name of a product developed by Nexus Telecommunications Systems Ltd. and marketed by Eden Telecom Ltd., beginning in 1999 with Eden's founding. The product's name was inspired by the Pointer dog breed. At the time of its establishment Eden was a joint venture of four Israeli investors: Motorola, Nexus, Poalim Investments, and Clal. In 1997 Nexus Telecommunications Systems changed its name to Nexus Telocation Systems Ltd. In 2002 Eden changed its name to Pointer. In 2004 Nexus Telocation Systems acquired Pointer and in 2006 changed its name to Pointer Telocation Ltd.[3][4][5][6][7][8]

Shaul Elovitch's Eurocom Group began accumulating shares of Pointer in August 2008, acquiring 9.03% of the company.[9] Since December 2008 Eurocom holds 14.66% of Pointer's shares. DBSI Investments controls 37.27% of the company.[10]

Management

Giora Inbar, formerly commander of the Lebanon Liaison Unit of the Israel Defense Forces, was brought on board Eden Telecom as CEO with the company's founding in 1999. He left the position as part of the 2004–2005 deal to merge Shagrir with Pointer. In 2005 Danny Stern was appointed CEO and president of Pointer. He vacated the positions in 2011, whereupon David Mahlab became Pointer's CEO and president.[11][12][13]

Acquisitions

Company Year Price Details
Safecom
2000
  
Acquired by Eden Telecom[14]
Shagrir 2004–2005 NIS 200 million
[15]
Cellocator Ltd.
2007
 NIS 62 million
[16]
Car2Go
2009
 NIS 6 million
Acquired by Shagrir[17]
TCM Transportation Ltd.
2011
 NIS 2.5 million
Acquired by Shagrir[18]

See also

References

  1. ^ "PNTR Income Statement". Yahoo! Finance. 2011. Retrieved 13 November 2011.
  2. ^ Miller, Zack (27 July 2008). "Green Road raised almost $20m — where's Pointer Telocation (PNTR)?". Boston Globe. Israel Opportunity Investor. Retrieved 13 November 2011.
  3. ^ "Motorola, Clal, Nexus, Poalim Investments to Set Up Car Tracking Company". Globes. 25 March 1999. Retrieved 13 November 2011.
  4. ^ de la Fuente, Susan (13 April 2009). "Keeping track of your vehicle with Israel's Pointer". Israel21c. Retrieved 13 November 2011. Named after a species of tracking dog, the 10-year-old company has developed a range of high-tech security solutions that use sophisticated wireless communications technology, for vehicles on the move.
  5. ^ "Nexus Telocation Systems Ltd. Announces Closing of Agreement for Purchase of All Outstanding Shares of Pointer (Eden Telecom Group) Ltd". IVC Research Center. PR Newswire. 27 June 2004. Retrieved 13 November 2011.
  6. ^ "עדן טלקום משנה את שמה לפוינטר ומשקיעה 100 אלף דולר במיתוג דרך משרד הפרסום הוס סמואל". TheMarker (in Hebrew). 25 July 2002. Retrieved 13 November 2011. חברת עדן טלקום הודיעה על שינוי שמה לפוינטר (מבית עדן טלקום) במסגרת מיתוג מחדש. {{cite news}}: Unknown parameter |trans_title= ignored (|trans-title= suggested) (help)
  7. ^ "אולי שינוי השם יצליח לשנות את הקארמה: נקסוס הופכת לפוינטר טלוקיישן". Globes (in Hebrew). 20 February 2006. Retrieved 13 November 2011. אולי זה מה שהוביל את נקסוס לנסות לפתוח דף חדש, ולהודיע אתמול על שינוי שם החברה ל'פוינטר טלוקיישן'. {{cite news}}: Unknown parameter |trans_title= ignored (|trans-title= suggested) (help)
  8. ^ "Pointer Telocation Ltd: Information on the Company". EDGAR Online. 30 March 2011. p. 29. Retrieved 13 November 2011.
  9. ^ Zalik, Nir (5 August 2008). "יורוקום של שאול אלוביץ' הופכת לבעלת עניין בפוינטר - קנתה כ-429 אלף מניות ומחזיקה ב-9.03% מהחברה". TheMarker (in Hebrew). Retrieved 13 November 2011. חברת יורוקום שבשליטת שאול אלוביץ' הודיעה לרשות ניירות ערך האמריקאית כי היא הפכה לבעלת עניין בחברת פוינטר טלוקיישן, המתמחה באספקת שירותי איתור ותיקון לכלי רכב. {{cite news}}: Unknown parameter |trans_title= ignored (|trans-title= suggested) (help)
  10. ^ "Pointer Telocation Ltd: List of Interested Parties". Tel Aviv Stock Exchange. 2011. Retrieved 13 November 2011.
  11. ^ Hadas, Guy (18 February 2001). "הכלב של פוינטר לומד טריקים חדשים". TheMarker (in Hebrew). Retrieved 13 November 2011. כשבעלי המניות של חברת עדן טלקום גייסו ב-1999 את גיורא ענבר לתפקיד מנכ"ל החברה, הם אולי יותר מכל רצו להשיג את כישוריו הקרביים. ענבר סיים את שירותו הצבאי כמפקד יק"ל, בדרגת תת אלוף זמן קצר לפני הצטרפותו לחברה. {{cite news}}: Unknown parameter |trans_title= ignored (|trans-title= suggested) (help)
  12. ^ "Nexus Telocation Systems Ltd. Announces CEO Departure". The Auto Channel. Givatayim, Israel. PR Newswire. 15 May 2005. Retrieved 13 November 2011.
  13. ^ "Pointer Telocation CEO Danny Stern To Step Down, Names David Mahlab Successor". RTT News. 13 January 2011. Retrieved 13 November 2011.
  14. ^ "Eden Telecom moves into operating profit zone". Globes. 30 April 2002. Retrieved 13 November 2011.
  15. ^ Efrati, Ido (4 January 2005). "הושלמה עסקת מכירת שגריר לפוינטר". Ynet (in Hebrew). Retrieved 13 November 2011. הושלמה רכישת חברת שגריר על ידי חברת פוינטר: בהסכם שנחתם אמש (ב') בין שגריר שירותי גרירה - חברת האם של "שגריר" (33.3%) לבין פוינטר מקבוצת נקסוס, נמכרה שגריר ב-200 מיליון שקל. {{cite news}}: Unknown parameter |trans_title= ignored (|trans-title= suggested) (help)
  16. ^ "Pointer Telocation Completes the Purchase of Cellocator Ltd". The Auto Channel. Givatayim, Israel. PR Newswire. 18 September 2007. Retrieved 13 November 2011.
  17. ^ "Pointer Telocation acquires Israeli carshare co stake". Globes. 17 May 2009. Retrieved 13 November 2011.
  18. ^ "Pointer, Through its Subsidiary Shagrir, Establishes a Limited Partnership for the Acquisition of the Activity of TMC Transportation Ltd". PR Newswire. Rosh HaAyin, Israel. 7 November 2011. Retrieved 13 November 2011.
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