Telit acquires Thales’ cellular IoT products to establish Telit Cinterion

Telit is acquiring Thale’s portfolio of cellular IoT products to establish a combined firm called Telit Cinterion.

Telit bought Thales mobile IoT products to build Telit Cinterion
Telit acquires Thale’s portfolio of cellular IoT products to create a combined company called Telit Cinterion.
Paolo Dal Pino, CEO of Telit, said: “Innovation, scale, and efficient IoT solutions are the keys to success. This transaction with Thales could be the most effective for Telit’s competition.”

“While this will improve our ability to respond more precisely to the needs of customers from a richer portfolio, it will also allow us to deliver all-new offerings derived from the experience, expertise, and DNA of two companies that share safety and quality, and their brand promise since the beginning of the year.”

Telit Cinterion will be based in California and aims to be “the leading provider in the West” of IoT solutions.

Under the terms of the transaction, Telit will acquire Thales mobile wireless communication modules, gateways and data cards (modems), from 4G LTE, LPWAN to 5G. Philippe Vallée, vice president of digital identity and security at Thales, said: “The combination of Thales and Telit brings together complementary strengths. The company will provide unique value in the highly competitive global IoT market and enable Thales to leverage its investments focused on its three core businesses – aviation, defense and security, and digital identity.

“The new combination will build on the unique skill sets brought by Thales and Telit employees. It will also benefit from leveraging both companies’ strong and complementary product portfolios and Thales’ experience in mobile connectivity.

Pending regulatory approvals and other conditions, the transaction is expected to close in Q4 2022. Telit Cinterion plans to spin off its automotive IoT unit to focus on industrial IoT.