BRIEF-Lantronix To Buy Vecima Networks' Industrial IoT Business, Including Nero Global Tracking

Lantronix, Inc.

Lantronix, Inc.

LTRX

0.00

July 7 (Reuters) - Lantronix Inc LTRX.O:

  • ADDS HIGH-MARGIN ARR AND EXPANDS CRITICAL INFRASTRUCTURE MONITORING PLATFORM WITH ACQUISITION OF VECIMA NETWORKS’ INDUSTRIAL IOT BUSINESS

  • TO BUY VECIMA NETWORKS' INDUSTRIAL IOT BUSINESS INCLUDING NERO GLOBAL TRACKING

  • ACQUISITION ADDS $5.3 MILLION REVENUE, $4.5 MILLION ARR, 125,000 ASSET TAGS UNDER MANAGEMENT

  • TOTAL CONSIDERATION FOR ACQUISITION ABOUT $11.5 MILLION EXCLUDING WORKING CAPITAL AND ADJUSTMENTS

Source text: ID:nGNXbk9x7S

Further company coverage: LTRX.OVCM.TO


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