Sept 7, 2012
Lapis Technologies, Inc. through its wholly-owned subsidiary Enertec Electronics Ltd., an Israeli corporation, acquired from three Israeli individuals who collectively were the former controlling shareholders 47.5% of the issued and outstanding shares of Micronet Ltd., an Israeli corporation (TASE:MCRNL).
As a result of the transaction, Lapis became the largest shareholder
Micronet, established three decades ago, is a developer, manufacturer and seller of mobile electronics computing platforms, designed for integration into fleet management and mobile workforce management solutions. Its solutions facilitate mobile workforce productivity, enable corporate efficiency, and enhance customer service.