---
title: "Vecima Networks closes sale of Telematics assets to Lantronix for about CAD 16.5 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294958939.md"
description: "Vecima Networks has closed the sale of its Telematics tracking segment assets, including Nero Global Tracking software, to Lantronix for approximately CAD 16.5 million. The transaction involves an all-cash payment structure, with CAD 14.5 million paid at closing and the remaining CAD 2 million due by the end of 2026, subject to customary working capital adjustments."
datetime: "2026-08-05T11:30:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294958939.md)
  - [en](https://longbridge.com/en/news/294958939.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294958939.md)
generator: "portal-rs"
---

# Vecima Networks closes sale of Telematics assets to Lantronix for about CAD 16.5 million

-   Vecima Networks closed the sale of assets in its Telematics tracking segment, including Nero Global Tracking software, to Lantronix. \* All-cash proceeds expected at about CAD 16.5 million, subject to customary working capital adjustments. \* CAD 14.5 million paid at closing; about CAD 2 million due by year-end 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vecima Networks Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202608050730BIZWIRE\_USPR\_\_\_\_\_20260805\_BW600454) on August 05, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**