M&A Deal Summary

Digi Acquires Opengear

On November 7, 2019, Digi acquired technology hardware company Opengear

Acquisition Highlights
  • This is Digi’s 4th transaction in the Technology Hardware sector.
  • This is Digi’s 10th transaction in the United States.
  • This is Digi’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2019-11-07
Target Opengear
Sector Technology Hardware
Buyer(s) Digi
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Digi

Hopkins, Minnesota, United States
Category Company
Founded 1985
Sector Technology Hardware
Employees790
Revenue 445M USD (2023)
DESCRIPTION

Digi is the 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 STATS #
Overall 14 of 17
Sector (Technology Hardware) 4 of 5
Type (Add-on Acquisition) 14 of 17
State (New Jersey) 1 of 1
Country (United States) 10 of 13
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-22 Accelerated Concepts

Tampa, Florida, United States

Accelerated Concepts, Inc. is a provider of secure, enterprise-grade, cellular (LTE) networking equipment for primary and backup connectivity applications. Accelerated Concepts, Inc. was founded in 2006 and is headquartered in Tampa, Florida

Buy $17M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 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.

Buy -
Mergr

Product

Company

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