Lantronix accelerates iot leadership with strategic acquisition of dzs's netcomm enterprise iot portfolio

Irvine, calif., nov. 07, 2024 (globe newswire) -- lantronix inc. (nasdaq: ltrx), a global leader in iot compute and connectivity iot solutions, today announced that it has signed a definitive agreement to acquire from netcomm wireless pty ltd (“netcomm”), a subsidiary of dzs, inc., all of the assets of its enterprise internet of things (iot) business for $6.5 million in cash together with assumptions of certain liabilities. the acquisition complements lantronix's focus on the enterprise and smart city vertical markets and expands its next-generation 5g capabilities.
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