M&A Deal Summary

Lantronix Acquires Intrinsyc Technologies

On October 31, 2019, Lantronix acquired technology hardware company Intrinsyc Technologies for 27M USD

Acquisition Highlights
  • This is Lantronix’s 1st transaction in the Technology Hardware sector.
  • This is Lantronix’s 2nd largest (disclosed) transaction.
  • This is Lantronix’s 1st transaction in Canada.
  • This is Lantronix’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2019-10-31
Target Intrinsyc Technologies
Sector Technology Hardware
Buyer(s) Lantronix
Deal Type Add-on Acquisition
Deal Value 27M USD

Target

Intrinsyc Technologies

Vancouver, British Columbia, Canada
Intrinsyc Technologies Corp. provides comprehensive product development services, as well as the industry’s highest-performance edge, AI computing modules, to enable rapid commercialization of intelligent IoT products. Intrinsyc has successfully delivered over 1,400 client projects including sophisticated consumer and industrial IoT products like robotics, connected cameras, smart displays, augmented reality, smart buildings, wearables, in-vehicle infotainment, and many others.

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Buyer(S) 1

Buyer

Lantronix

Irvine, California, United States
Category Company
Founded 1989
Sector Information Technology
Employees357
Revenue 131M USD (2023)
DESCRIPTION

Lantronix is a provider of secure data access and management solutions for the Internet of Things (IoT) assets. Lantronix is a leading supplier of IoT solutions that enable companies to dramatically simplify the creation, deployment, and management of IoT projects. Lantronix was founded in 1989 and is based in Irvine, California.

DEAL STATS #
Overall 1 of 4
Sector (Technology Hardware) 1 of 3
Type (Add-on Acquisition) 1 of 2
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 2 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 Communications Systems - Transition Networks & Net2Edge Businesses

Minnetonka, Minnesota, United States

Transition Networks help companies advance their networks by providing built-to-perform hybrid fiber/copper network integration solutions that increase bandwidth, extend the distance, improve security and simplify management of networks. Net2Edge provides each organization the ability to focus on its respective core development and marketing activities.

Buy $32M
Mergr

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