Lantronix Accelerates IoT Leadership With Strategic Acquisition of DZS's NetComm Enterprise IoT Portfolio
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Lantronix Inc. has announced a definitive agreement to acquire the enterprise IoT business of NetComm from DZS, Inc. for $6.5 million. This acquisition aims to enhance Lantronix's position in the IoT market, particularly in the Enterprise and Smart City sectors, and expand its 5G capabilities.
November 07, 2024 | 9:15 pm
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Lantronix Inc. is acquiring NetComm's enterprise IoT business from DZS, Inc. for $6.5 million, enhancing its IoT and 5G capabilities.
The acquisition is a strategic move to strengthen Lantronix's position in the IoT market, particularly in the Enterprise and Smart City sectors. This is likely to positively impact LTRX's stock price in the short term as it expands its product offerings and market reach.
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