Telit courted by DBay Advisors, Lantronix - Mobile World Live

Telit courted by DBay Advisors, Lantronix

03 NOV 2020

IoT company Telit Communications looked to have become a takeover target, attracting interest from two companies for possible deals which could boost its play in the connected devices sphere.

Following media speculation, Telit announced it received a preliminary approach by asset management company DBay Advisors regarding a potential offer.

Hardware company Lantronix also made an approach and while this initial move was rejected by Telit’s board, it said discussions regarding a transaction more in the interests of its shareholders were ongoing.

Telit explained a deal involving Lantronix shares would be a key factor in any agreement.

But it also emphasised there was no certainty either suitor would make an offer: it set a deadline for initial indications of 1 December.

The company claims it empowers “hundreds of millions of connected things” by providing wireless connectivity modules, software platforms and global IoT connectivity services.

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Yanitsa Boyadzhieva

Yanitsa joins Mobile World Live as a Reporter based in London. She has more than 5 years’ experience at various media outlets in her home country Bulgaria. She started her career as a political reporter, followed by taking editor roles...

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