Lantronix )(LTRX) announced that it has finalized its acquisition of NetComm Wireless Pty, a subsidiary of DZS (DZSI), for all of its enterprise Internet of Things business assets for $6.5 million in cash, together with assumptions of certain liabilities. This strategic acquisition complements Lantronix’s focus on the Enterprise and Smart City vertical markets and has the potential to expand its next-generation 5G capabilities. By integrating this new IoT portfolio, Lantronix enhances its connectivity solutions in mission-critical areas, such as critical infrastructure, asset monitoring and telecommunications.
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