Lantronix to acquire Intrinsyc Technologies
The transaction will bring immediate scale to Lantronix, adding complementary IoT computing and embedded product development capabilities.
Lantronix, Inc., Irvine, Calif., announced plans to acquire Intrinsyc Technologies Corp., Canada.
The transaction will bring immediate scale to Lantronix, adding complementary Internet of Things (IoT) computing and embedded product development capabilities and expanding the company’s IoT market opportunity.
“The acquisition of Intrinsyc demonstrates our continuing commitment to deliver incremental growth and shareholder value through acquisition,” says Paul Pickle, president and CEO of Lantronix. “In this transaction, we are acquiring edge computing and design capabilities crucial to the development of intelligent IoT solutions, while also bringing increased scale and the resulting operating efficiencies necessary to drive incremental earnings growth for the benefit of our shareholders.”