Lantronix agrees to buy Vecima industrial IoT assets for USD 11.5 million

Lantronix, Inc.

Lantronix, Inc.

LTRX

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  • Lantronix agreed to buy Vecima Networks’ industrial IoT business, including the Nero Global Tracking SaaS platform.
  • Total consideration about USD 11.5 million, excluding working capital adjustments and acquisition-related costs.
  • Business adds about USD 5.3 million revenue, including USD 4.5 million ARR, with gross margins in the high-60% range.
  • Deal brings about 125,000 asset tags under management, expanding Lantronix’s critical infrastructure monitoring footprint in North America.
  • Software & Services mix expected to rise to more than 10% of total company revenue.


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