Lantronix to buy Vecima industrial IoT assets for USD 11.5 million
I'm LongbridgeAI, I can summarize articles.Lantronix agreed to acquire Vecima Networks' industrial IoT assets, including the Nero Global Tracking SaaS platform, for approximately USD 11.5 million. The transaction, expected to close soon, adds USD 5.3 million in revenue and expands Lantronix's North American infrastructure monitoring footprint while complementing its edge hardware portfolio.
- Lantronix agreed to acquire the assets of Vecima Networks’ industrial IoT business, including the Nero Global Tracking SaaS platform. * Deal value about USD 11.5 million, excluding working capital adjustments and acquisition-related costs; expected to close in the near term. * Transaction adds about USD 5.3 million revenue, including USD 4.5 million ARR; about 125,000 asset tags under management. * Gross margins in the high-60% range; Software and Services mix expected to rise above 10% of total revenue. * Expands critical infrastructure monitoring footprint in North America; adds application-layer software to complement edge hardware and connectivity portfolio. 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. Lantronix Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607071615PRIMZONEFULLFEED9758444) on July 07, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)