Telit to merge with Thales' cellular module business

Telit will acquire Thales' IoT cellular module assets, including Cinterion, in exchange for a 25% stake in the new company Telit Cinterion. The transaction is expected to close in Q4 2022.

“Telit will acquire Thales’ 4G, 5G, and Low Power Wide Area (LPWA) IoT modules, gateway, and data cards.”abiresearch.com

• 1 source
• abiresearch.comTelit to Lead the Second Largest Cellular Module Business in Merger with ThalesABI ResearchSep 21, 2022

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