Lantronix Closes Strategic Acquisition of DZS's NetComm Enterprise IoT Portfolio [Yahoo! Finance]
Lantronix, Inc. (LTRX)
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Source: Yahoo! Finance
Expands Its IoT Wireless Connect Portfolio With Cutting-Edge 5G Technology Strengthens Its Competitive Offering, Adds New Blue-Chip Customers IRVINE, Calif., Dec. 26, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global leader in IoT compute and connectivity IoT solutions, today announced that it has finalized its acquisition of NetComm Wireless Pty Ltd (“NetComm”), a subsidiary of DZS Inc., for all of its enterprise Internet of Things (IoT) business assets for $6.5 million in cash, together with assumptions of certain liabilities. This strategic acquisition complements Lantronix's focus on the Enterprise and Smart City vertical markets and has the potential to expand its next-generation 5G capabilities. By integrating this new IoT portfolio, Lantronix enhances its connectivity solutions in mission-critical areas, such as critical infrastructure, asset monitoring and telecommunications. “We are pleased to complete the strategic acquisition of DZS's IoT portfolio,
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- Lantronix Completes Strategic Buyout of DZS NetComm IoT Portfolio [Yahoo! Finance]Yahoo! Finance
- Lantronix Closes Strategic Acquisition of DZS’s NetComm Enterprise IoT PortfolioGlobeNewswire
LTRX
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- 11/7/24 - Beat
LTRX
Sec Filings
- 12/3/24 - Form 4
- 11/29/24 - Form 4
- 11/18/24 - Form 4
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