AcquisitionsJul 7, 2026, 04:16 PM
Lantronix Acquires Vecima's IIoT Business for $11.5M
AI Summary
Lantronix Inc. announced an agreement to acquire the industrial IoT (IIoT) business of Vecima Networks Inc., including its Nero Global Tracking SaaS platform, for approximately $11.5 million. This acquisition is expected to add $5.3 million in total revenue, with $4.5 million in annual recurring revenue (ARR), and approximately 125,000 asset tags under management. The transaction will increase Lantronix's Software & Services mix to over 10% of total company revenue, bringing a profitable SaaS business with high-60% gross margins and expanding its critical infrastructure monitoring vertical.
Key Highlights
- Lantronix acquires Vecima Networks' IIoT business for $11.5 million.
- Adds $5.3 million in total revenue, including $4.5 million in annual recurring revenue (ARR).
- Increases Software & Services mix to over 10% of total company revenue.
- Acquired business has gross margins in the high-60% range.
- Adds approximately 125,000 asset tags under management.
- Expands critical infrastructure monitoring vertical with established North American customers.
- Approximately 30 IIoT team members will join Lantronix.
Price Impact
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