Lantronix Completes Strategic Buyout of DZS NetComm IoT Portfolio [Yahoo! Finance]
Lantronix, Inc. (LTRX)
Last lantronix, inc. earnings: 2/12 04:30 pm
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Source: Yahoo! Finance
The deal includes all enterprise Internet of Things (IoT) business assets of NetComm, along with the assumption of certain liabilities. This acquisition aligns with Lantronix's strategic focus on the Enterprise and Smart City sectors, bolstering its next-generation 5G capabilities. By integrating NetComm's IoT portfolio, Lantronix aims to strengthen its offerings in critical areas such as infrastructure, asset monitoring and telecommunications. The NetComm portfolio, known for its robust Ethernet-to-Cellular and Wi-Fi connectivity solutions, is designed to perform in demanding environments. These products deliver high-speed, low-latency performance with remote-management capabilities, making them a trusted choice for leading global enterprises. Lantronix anticipates that the acquired NetComm portfolio will contribute $6-$7 million in revenues during 2024, further solidifying its position in the IoT space while expanding the company's reach into new geographic markets. Lantroni
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News
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- Lantronix Closes Strategic Acquisition of DZS's NetComm Enterprise IoT Portfolio [Yahoo! Finance]Yahoo! Finance
- Lantronix Closes Strategic Acquisition of DZS’s NetComm Enterprise IoT PortfolioGlobeNewswire
LTRX
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