Thales DIS AIS Deutschland GmbH of München at MEDICA 2022 in Düsseldorf -- MEDICA - World Forum for Medicine
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Company news

Date

Topic

29 Aug 2022

TELIT AND THALES ANNOUNCE THE CREATION OF A LEADING WESTERN IOT SOLUTIONS PROVIDER: TELIT CINTERION

  • Telit and Thales jointly announce intended transaction whereby Telit incorporates Thales’s cellular IoT products business and goes forward under Telit leadership
  • Combined company, to be called Telit Cinterion, is a leading western IoT provider, supporting customers with expanded IoT portfolio of products, services, and bundles comprising hardware, software and connectivity solutions
  • Telit Cinterion will leverage Thales’s expertise in IoT security across SIM technology, modules and connectivity
  • Through this intended transaction, Thales will transfer its cellular IoT modules assets to Telit and receive a 25% stake in Telit Cinterion

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