# 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.

- Type: Acquisition
- Announced: 2022-07-31
- Status: announced
- Products: IoT cellular modules, gateways, data cards
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Thales](https://endata.com/companies/16630.md) (target)
- [Telit Communications](https://endata.com/companies/65443.md) (acquirer)

## Sources

- [abiresearch.com](https://www.abiresearch.com/market-research/insight/7781047-telit-to-lead-the-second-largest-cellular-), 2022-09-21: "Telit will acquire Thales’ 4G, 5G, and Low Power Wide Area (LPWA) IoT modules, gateway, and data cards."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.