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

The deal includes Thales’s portfolio of cellular wireless communication modules, gateways, and data cards

Kelsey Rees
clock • 2 min read
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...

To continue reading this article...

Join Channel Partner Insight

  • Exclusive news, insight and analysis for the IT channel across the US and Europe
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with an exclusive members-only podcast
  • Breaking news stories delivered straight to your inbox daily

Join now

 

Already a member?

Log in

More on Distribution

US vendor IRONSCALES lands deal with UK VAD Distology to offer email security across EMEA

US vendor IRONSCALES lands deal with UK VAD Distology to offer email security across EMEA

The email security specialist provides awareness training for IT leaders to help flag phishing attacks

Kelsey Rees
clock 16 August 2022 • 2 min read
Switzerland's ALSO Group announces €100m share buyback program

Switzerland's ALSO Group announces €100m share buyback program

The group’s CEO claims the share is currently undervalued

Kelsey Rees
clock 10 August 2022 • 1 min read
Component sales lifts Arrow to 'all-time record quarter' in Q2

Component sales lifts Arrow to 'all-time record quarter' in Q2

The distributor saw both component and enterprise solutions sales rise in Europe, while the latter stagnated in the Americas

Kelsey Rees
clock 09 August 2022 • 2 min read