France's Thales merges mobile IoT business with Telit following buyout

US-based IoT specialist Telit has agreed to buy the mobile IoT business of French vendor Thales.  The proposed transaction includes the Euronext Paris-listed group's portfolio of wireless communication modules, gateways, and data (modem) cards, ranging from 4G LTE and LPWAN to 5G. The duo claim the deal will establish the combined company, to be called Telit Cinterion, as a "leading" western provider of IoT solutions, expanding its presence in growing industrial IoT segments and end mar...