Pointer Telocation completes acquisition of Shagrir

Pointer Telocation Ltd. (NASDAQ: PNTR) said that it has completed its acquisition of the 45.5% interest in Shagrir Systems Ltd. that it did not previously own, including Shagrir´s management portion. Pointer now owns 100% and has fully consolidated the share capital of Shagrir.

Shagrir provides Mobile Resource Management (MRM) and roadside assistance services for the automotive industry including towing services and mobile automobile repair services primarily in Israel. Shagrir also offers car sharing services via Car2Go in urban areas throughout Israel.

Pointer Telocation is a provider of technology and services to the automotive and insurance industries, offering a set of services including road side assistance, stolen vehicle recovery and fleet management. The company´s website is at For more information: http://www.pointer.com

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