Telit, an Irvine, CA-based company focused on Internet of Things (IoT), acquired Mobilogix, a startup specializing in custom IoT solutions.
The amount of the deal was not disclosed.
With the acquisition Telit will expand in the growing segment of new and existing IoT adopters that want to reduce complexity and time to market. The deal adds comprehensive device engineering expertise and resources that focus on optimizing specifications for handoff to electronic manufacturing services, original device manufacturing, and the attainment of regulatory approvals and carrier certifications.
Upon closing, Irvine-based Mobilogix will relocate personnel and offices into Telit’s new Irvine headquarters. Telit will becoming Telit Cinterion, upon conclusion of regulatory approvals and closing conditions of the acquisition of the Thales IoT Modules business announced on July 29, 2022.
Led by CEO Mathi Gurusamy, Mobilogix is a startup company specializing in custom IoT solutions worldwide for customers in verticals like telematics, micro-mobility, healthcare, construction, and agriculture.
Led by CEO Paolo Dal Pino, CEO, Telit simplifies onboarding of connected ‘things’ with a portfolio of enterprise-grade wireless communication and positioning modules; cellular MVNO connectivity plans and management services; edge and cloud software; and data orchestration, IoT and Industrial IoT platforms.
FinSMEs
29/08/2022