Brief: Lantronix To Buy Vecima Networks' Industrial IoT Business, Including Nero Global Tracking
07/07/2026 21:33
BRIEF-Lantronix To Buy Vecima Networks' Industrial IoT Business, Including Nero Global Tracking 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
((Reutersbriefs@thomsonreuters.com;))
Recent news on Lantronix
See all newsLantronix Inc reports results for the quarter ended June 30 - Earnings Summary
Lantronix Q4 revenue beats on Unmanned Systems growth
Lantronix Inc expected to post earnings of 4 cents a share - Earnings Preview
Brief: Lantronix And Swarmer Collaborate To Create Custom Compute Module For Group 1 Unmanned Aerial Systems
Brief: Lantronix To Buy Vecima Networks' Industrial IoT Business, Including Nero Global Tracking