Lantronix closes strategic acquisition of dzs's netcomm enterprise iot portfolio

Irvine, calif., dec. 26, 2024 (globe newswire) -- lantronix inc. (nasdaq: ltrx), a global leader in iot compute and connectivity iot solutions, today announced that it has finalized its acquisition of netcomm wireless pty ltd (“netcomm”), a subsidiary of dzs inc., for all of its enterprise internet of things (iot) business assets for $6.5 million in cash, together with assumptions of certain liabilities.
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