Mergermarket: Lantronix Eyes Uptick in Acquisition Discussions; Sees ‘actionable’ Tuck-Ins

September 12, 2022

Global provider of turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM) Lantronix, Inc. intends to continue growing its capabilities and competencies via M&A, according to CEO Paul Pickle. In April 2021, Lantronix agreed to purchase Minnesota-based Communications Systems’ Transition Networks and Net2Edge businesses (TN Companies) for an initial US$25 million plus an earnout of up to US$7 million. O’Melveny & Myers LLP advised Lantronix on the TN Companies transaction.

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