MiX Telematics Limited

MiX Telematics was established in 1996 as TeliMatrix - a vehicle tracking and recovery business operating under the Matrix Vehicle Tracking brand. In 2005 the business of TeliMatrix was sold to Matrix Vehicle Tracking (Pty) Limited to accommodate the introduction of Kagiso as an empowerment partner.


 

Effective 1 October 2007 TeliMatrix acquired OmniBridge RSA and OmniBridge Europe, the fleet and vehicle management operations previously owned by Control Instruments Group Limited. This acquisition created an integrated group focusing on all levels of vehicle telematics.

The Group listed on the JSE on 12 November 2007 in the Business Support Services sector under the “MiX” short code.


 

The listing positioned TeliMatrix to enhance the growth in its operations and take advantage of the significant opportunities that are available to it, by, amongst other things:

  • increasing investor and general public awareness of the TeliMatrix Group and its activities, both in South Africa and internationally
  • providing MiX Telematics with the benefits and flexibility of listed currency in the context of merger and acquisition activity within the market
  • providing MiX Telematics with the ability and currency to grow its operations (organically and through acquisitions) and take advantage
    of the opportunities available to it
  • giving MiX Telematics the ability to attract and retain intellectual capital and ensure adequate succession planning through the
    incentive of meaningful, tradable equity participation.

On 16 September 2008 at TeliMatrix’s first Annual General Meeting, shareholders voted in favour of rebranding the group to MiX Telematics

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