Add-on Acquisition • Internet Software and Services

Digi Acquires Haxiot

On March 29, 2021, Digi acquired internet software and services company Haxiot

Acquisition Context
  • This is Digi’s 2nd transaction in the Internet Software and Services sector.
  • This is Digi’s 11th transaction in the United States.
  • This is Digi’s 2nd transaction in Texas.

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M&A Deal Summary

Date March 29, 2021
Target Haxiot
Sector Internet Software and Services
Buyer(s) Digi
Deal Type Add-on Acquisition

Target Company

Haxiot

Plano, Texas, United States
Haxiot is a provider of low power wide area (LPWA) wireless technology and has an extensive LoRaWAN product portfolio that includes high performance client modules, intelligent industrial devices, gateways and the highly scalable X-ON cloud IoT platform. Haxiot was founded in 2015 and is based in Plano, Texas.
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Buyer Overview 1

Buyer

Digi

Hopkins, Minnesota, United States

Category Company
Founded 1985
Sector Technology Hardware
Employees805
Revenue 424M USD (2024)
DESCRIPTION

Digi is an M2M solutions expert, combining products and services as end-to-end solutions to drive business efficiencies. The company provides a broad range of wireless products, a cloud computing platform tailored for devices, and development services to help customers get to market fast with wireless devices and applications. Its entire solution set is tailored to allow any device to communicate with any application, anywhere in the world. Digi was founded in 1985 and is based in Hopkins, Minnesota.


Deal Context for Buyer #
Overall 15 of 18
Sector: Internet Software and Services 2 of 2
Type: Add-on Acquisition 15 of 18
State: Texas 2 of 2
Country: United States 11 of 14
Year: 2021 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-07 Opengear

Edison, New Jersey, United States

Opengear, Inc. is a provider of secure IT infrastructure products and software. Opengear was founded in 2004 and is based in Edison, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 Ctek

San Pedro, California, United States

Ctek is a company specializing in solutions for remote monitoring and industrial controls. Ctek is based in San Pedro, California.

Buy -