Lantronix Acquires DZS's NetComm Wireless For $6.5 Mln Cash
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Lantronix, Inc. has acquired NetComm Wireless Pty Ltd from DZS Inc. for $6.5 million in cash. This acquisition includes all enterprise IoT business assets and certain liabilities. Lantronix aims to enhance its connectivity solutions for infrastructure, asset monitoring, and telecommunications, focusing on Enterprise and Smart City markets. The NetComm portfolio is expected to generate $6 million to $7 million in revenue in 2024. Following the acquisition, Lantronix's stock rose 0.27% to $3.78, with pre-market trading showing a further increase to $3.81.
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