Lantronix completes acquisition of NetComm Wireless Pty Ltd to enhance its Enterprise IoT portfolio
Acquiring Company
Lantronix
Acquired Company
NetComm Wireless
Irvine
Lane CoveInformation TechnologyHardwareSoftwareSecurityWirelessCustomer ServiceTelecommunicationsDescription
Lantronix Inc., a company specializing in Internet of Things (IoT) solutions, has successfully completed the acquisition of NetComm Wireless Pty Ltd, a subsidiary of DZS Inc. valued at $6.5 million. This acquisition aims to enhance Lantronix's Enterprise IoT portfolio with advanced 5G technology, strengthen its position in the Enterprise and Smart City markets, and expand its reach into untapped markets like Australia and New Zealand.
Quick answer
Lantronix is acquiring NetComm Wireless, announced December 26, 2024. Lantronix is based in Irvine, California, United States.
- How much did Lantronix pay for NetComm Wireless?
- The deal value was not disclosed.
- What does Lantronix do?
- Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering..
- Where are Lantronix and NetComm Wireless based?
- Lantronix is based in Irvine, California, United States. NetComm Wireless is based in Lane Cove, New South Wales, Australia.
- Who are the decision-makers at Lantronix?
- Fundz holds 2 contacts at Lantronix. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired NetComm Wireless?
NetComm Wireless was acquired by Lantronix, based in Irvine. The deal was reported on December 26, 2024. Lantronix Inc. Lantronix is publicly traded (LTRX) and operates in Information Technology.
When did Lantronix acquire NetComm Wireless?
Lantronix's acquisition of NetComm Wireless was reported on December 26, 2024. Lantronix Inc., a company specializing in Internet of Things (IoT) solutions, has successfully completed the acquisition of NetComm Wireless Pty Ltd, a subsidiary of DZS Inc. valued at $6.5 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does NetComm Wireless do?
NetComm Wireless is a leading developer of innovative broadband products sold globally to major telecommunications carriers. It is privately held, operating in Customer Service, and is based in Lane Cove.
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