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Olshan Represents Micronet in Agreement to Acquire Telematics from Novatel Wireless

February 19, 2016

Yahoo!Finance and The San Diego Union-Tribune reported that Olshan represented Micronet Enertec Technologies, Inc. (Nasdaq: MICT), developer and manufacturer of rugged computers, tablets and computer-based systems for the commercial mobile resource management, fleet management and aerospace and defense markets, in a definitive agreement for the asset acquisition of the Telematics hardware business of Novatel Wireless, Inc. (Nadasq: MIFI) for $24 million including inventory. Olshan attorneys representing Micronet on this transaction included Steve Wolosky, Kenneth Silverman and Jason Cabico.