Telit and Thales Announce the Creation of the Leading Western IoT Solutions Provider

Telit, a member of 450 MHz Alliance, announced their plans to acquire Thales Cinterion IoT modules and product business taking a material step towards the goal to become the clear western IoT module leader.

Both companies in this deal have rich histories of innovation and development, and are recognized as pioneers in secure, advanced, high-quality IoT solutions. That makes this coming together of great value for the 450 MHz Alliance as it sharpens the focus on quality and reliable cellular IoT module operation under the 450 MHz networks around the world.

The transaction will strengthen Telit’s relationships with strategic suppliers, and it also enables greater scale to deliver the best value for customers and expands their end-to-end solutions approach. Telit will be able to leverage the Thales business expertise for industry leadership in IoT security with SIM technology, secured modules, and connectivity.

You can obtain more details here.