Telit Acquires Mobilogix To Provide Custom Iot Project And Solution Design Services
Aug 26, 2022•almost 3 years ago
Acquiring Company
Telit
Acquired Company
Mobilogix
Description
Telit, a global leader in the Internet of Things (IoT), today announces the acquisition of group assets from Mobilogix, a California-based startup company specializing in custom IoT solutions worldwide. The acquisition allows Telit to expand in the growing segment of new and existing IoT adopters that want to reduce complexity and time to market. The acquisition adds comprehensive device engineering expertise and resources that focus on optimizing specifications for handoff to electronic manufacturing services, original device manufacturing, and the attainment of regulatory approvals and carrier certifications. For more information on Mobilogix, visit: https://www.mobilogix.com/.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed