M&A Deal Summary

Telit Communications Acquires GainSpan

On February 1, 2017, Telit Communications acquired semiconductors company GainSpan

Acquisition Highlights
  • This is Telit Communications’ 1st transaction in the Semiconductors sector.
  • This is Telit Communications’ 2nd transaction in the United States.
  • This is Telit Communications’ 1st transaction in California.

M&A Deal Summary
Date 2017-02-01
Target GainSpan
Sector Semiconductors
Buyer(s) Telit Communications
Deal Type Add-on Acquisition

Target

GainSpan

San Jose, California, United States
GainSpan Corp. is a wireless connectivity solution provider that specializes in the design and development of ultra-low power Wi-Fi technology. GainSpan manufactures and commercializes chips and modules for battery-powered devices and related intellectual property (IP) with embedded software, including network stacks and application reference designs.

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Buyer(S) 1

Buyer

Telit Communications

London, United Kingdom
Category Company
Founded 1986
Sector Technology Hardware
Employees820
Revenue 344M GBP (2020)
DESCRIPTION

Telit Communications is a provider of an integrated products and services for end-to-end IoT deployments – including cellular communication modules in all technologies, GNSS, short range wireless modules, IoT connectivity plans and IoT platform services. Telit Communications was founded in 1986 and is based in London, the United Kingdom.

DEAL STATS #
Overall 2 of 3
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 2
Country (United States) 2 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-11 Novatel Wireless - IP and Cellular Module Products

United States

Novatel Wireless - IP and Cellular Module Products is a provider of communication equipment products.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-26 Mobilogix

Irvine, California, United States

Mobilogix is a startup company specializing in custom IoT solutions worldwide. Mobilogix enables data optimization through precise asset tracking, monitoring, and management. Mobilogix was founded in 2011 and is based in Irvine, California.

Buy -
Mergr

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