Lantronix buys DZS's NetComm Wireless for $6.5M, boosting IoT offerings and 5G capabilities.

Lantronix, an IoT solutions provider, has acquired DZS Inc.'s NetComm Wireless subsidiary for $6.5 million in cash, expanding its enterprise IoT portfolio and adding new 5G capabilities. This deal strengthens Lantronix's presence in critical areas like infrastructure and telecommunications and is expected to generate between $6 million and $7 million in revenue in 2024. The acquisition also brings new blue-chip customers to Lantronix.

3 months ago
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