Lantronix Acquires DZS's NetComm IoT Portfolio for Strategic Growth

Lantronix Inc., a leader in IoT compute and connectivity solutions, has completed the acquisition of DZS's subsidiary, NetComm Wireless Pty Ltd, purchasing its enterprise IoT business assets for $6.5 million in cash while assuming certain liabilities. This strategic acquisition enhances Lantronix's product offerings, particularly in mission-critical connectivity in the Enterprise and Smart City markets, and boosts its 5G capabilities. The acquisition also aims to facilitate cross-selling opportunities by adding new blue-chip Enterprise customers and expanding Lantronix's geographic footprint to markets such as Australia and New Zealand. DZS’s NetComm portfolio is expected to add $6-$7 million to Lantronix's revenue in 2024. The acquisition aligns with Lantronix's strategy to provide robust IoT solutions for high-demand environments, offering Ethernet-to-Cellular and Wi-Fi connectivity. The transaction underscores Lantronix's commitment to innovation despite potential integration risks and market instability.