Irvine, Calif., Aug. 1, 2022: Telit, a global leader in the Internet of Things (IoT), and Thales, a company working in the Aerospace, Defense, Security & Digital Identity space, have entered into an agreement under which Telit intends to acquire Thales’ cellular IoT products. The intended transaction includes Thales’ portfolio of cellular wireless communication modules, gateways, and data (modem) cards, ranging from 4G LTE, LPWAN to 5G.
The intended transaction, said a press release, establishes California-based Telit Cinterion, as a Western provider of IoT solutions, expanding the company’s presence in growing industrial IoT segments and end markets including payment systems, energy, e-health, and security. It also enhances the company’s ability to respond more expertly to growing demand for cybersecure IoT solutions in modules and cellular connectivity, thanks to leading technologies from Thales.
Image credit: Telit