M&A Deal Summary

Telit Communications Acquires Novatel Wireless - IP and Cellular Module Products

On April 11, 2016, Telit Communications acquired technology hardware company Novatel Wireless - IP and Cellular Module Products from Inseego for 15M USD

Acquisition Highlights
  • This is Telit Communications’ 1st transaction in the Technology Hardware sector.
  • This is Telit Communications’ largest (disclosed) transaction.
  • This is Telit Communications’ 1st transaction in the United States.

M&A Deal Summary
Date 2016-04-11
Target Novatel Wireless - IP and Cellular Module Products
Sector Technology Hardware
Buyer(s) Telit Communications
Sellers(s) Inseego
Deal Type Divestiture
Deal Value 15M USD

Target

Novatel Wireless - IP and Cellular Module Products

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

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Buyer(S) 1

Buyer

Telit Communications

London, United Kingdom

website

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 1 of 3
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 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.

Buy -

Seller(S) 1

SELLER

Inseego

Alpharetta, Georgia, United States

website

Category Company
Founded 1996
Sector Technology Hardware
Employees998
Revenue 314M USD (2020)
DESCRIPTION

Inseego is a provider of wireless broadband access solutions for the worldwide mobile communications market. Inseego was founded in 1996 and is based in San Diego, California.

DEAL STATS #
Overall 2 of 2
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 2 of 2
Country (United States) 2 of 2
Year (2016) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-18 Novatel Wireless - Telematics business

United States

Novatel Wireless - Telematics business is a provider of communication services.

Sell $24M
Mergr

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