Betaville Intelligence

RARE ALERT: Telit Communications said to ... - Part 29

Monday, 22 March 2021, 12:24 pm

An American company is circling Telit Communications, the Aim-listed 'internet of things' designer.

People following the situation said a US-listed firm is working with advisers from Barclays on a possible combination with Telit.

The firm is said to have approached senior executives at Telit in recent weeks, said people following the situation.

Last year Lantronix, a US-listed group backed the billionaire founder of Microsemi, made an approach for Telit. Sierra Wireless, a Canada-listed IoT group, has also been rumoured to be interested in buying Telit...


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