Telco Insights - Telit Announces Acquisition of Thales’ Cellular IoT Business Unit

Telit has announced that it will acquire Thales’ cellular IoT business unit; expanding the company’s presence within Europe and across several key industrial IoT verticals and end markets. The deal is expected to close in Q4 2022.

As a result of this acquisition, Thales’ IoT product suite will be combined with Telit’s existing product offering to form a new company: Telit Cinterion. Thales will become a minority stakeholder in Cinterion; holding a 25% stake in the new company.

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