Mix Telematics Limited (JSE:MIX)

Stefan Joselowitz
Market Cap (AUD): 3.95B
Sector: Industrials
Last Trade (AUD): 6.52 +0 (+0%)
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1. About

MiX Telematics Limited (JSE:MIX) is a leading global provider of fleet and mobile asset management solutions. The company’s products and services provide enterprise fleets, small fleets and consumers with solutions for safety, efficiency, compliance and security.

MiX Telematics was founded in 1996. The company delivers its solutions to customers in over 120 countries, across six continents. Over 700,000 mobile assets – from trucks and buses, to vans, cars, motorbikes and trailers – are actively managed by MiX Telematics. MiX Telematics has a growing network of more than 130 fleet partners worldwide. The company has offices in South Africa, the United Kingdom, the United States, Uganda, Brazil, Australia and the United Arab Emirates.

MiX Telematics employs over 1,000 people who are dedicated to the design, development, sales and support of its solutions and services. The company continuously invests in research and development and has built a solid reputation for innovative fleet management technology and services for the consumer and commercial vehicle market.

The company's commercial fleet solutions are built on the basis of in-vehicle hardware, on-demand software services, as well as accessories and applications that enhance overall performance. Through the web-based software platform, fleet customers can access their fleet information and generate key reports.

The company's consumer offering comprises of stolen vehicle recovery products and services sold under the Matrix and Beame product brands in South Africa. Value-added personal services such as Crash Alert, Road-Side Assistance, Internet Tracking and GPS Logbook are a few of the differentiators in this range.

As a leading vehicle monitoring business in South Africa specialising in fleet management with a Level 2 Contributor BBBEE rating, the provision of enterprise fleet solutions allows MiX to build personal relationships with customers to ensure a positive return on investment. The company's strength lies in the growth and retention of its customer relationships through the sharing of knowledge and implementation of technology. MiX Telematics's purpose-designed mobile applications for consumers and fleet managers allow customers on the move to keep track of their vehicles, drivers and other mobile assets at all times.

MiX Telematics shares are publicly traded on the Johannesburg Stock Exchange (JSE: MIX) and on the New York Stock Exchange (NYSE: MIXT).

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