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Lantronix Adds High-Margin ARR and Expands Critical Infrastructure Monitoring Platform with Acquisition of Vecima Networks’ Industrial IoT Business
Lantronix Adds High-Margin ARR and Expands Critical Infrastructure Monitoring Platform with Acquisition of Vecima Networks’ Industrial IoT
About this update from Lantronix, Inc.
Acquisition adds $5.3 million of total revenue, including $4.5 million of annual recurring revenue (ARR) and approximately 125,000 asset tags under management with gross margins in the high-60% rangeTransaction increases Lantronix’s Software & Services mix to more than 10% of total company revenueIRVINE, Calif., July 07, 2026 (GLOBE NEWSWIRE) -- Lantronix Inc. (Nasdaq: LTRX), a global provider of Edge AI and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure, and resilient enterprise networks, has announced an agreement to acquire the assets of Vecima Networks Inc.’s (TSX: VCM) industrial IoT (IIoT) business, including its Nero Global Tracking software-as-a-service platform. The transaction is expected to close in the near term, subject to customary closing conditions. The acquisition will add a proven SaaS application layer to Lantronix’s edge hardware and connectivity portfolio, expanding its critical infrastructure monitoring vertical and accelerating its shift toward higher-margin, recurring-revenue IoT solutions. Nero Global Tracking brings an established North American customer base across the fleet, municipal, restoration and industrial asset-tracking markets, strengthening Lantronix’s ability to deliver integrated solutions for customers managing mission-critical assets.Transaction highlightsAdds approximately $5.3 million of total revenue, including $4.5 million of annual recurring revenue (ARR), and approximately 125,000 asset tags under management.Adds a profitable SaaS business with gross margins in the high-60% range, increasing Lantronix’s mix of higher-margin, recurring revenue and bringing Software & Services to more than 10% of total company revenue.Expands Lantronix’s critical infrastructure monitoring vertical with an established North American customer base spanning the fleet, municipal, restoration and industrial asset-tracking markets.Strengthens Lantronix’s full-stack value proposition by adding application-layer domain expertise that can be integrated with Lantronix hardware, connectivity, firmware and edge compute products.Enhances customer expansion opportunities by combining Nero Global Tracking’s installed base with Lantronix’s broader IIoT portfolio.Complements Lantronix’s broader growth strategy by adding another high-value vertical alongside the company’s momentum in drones, ...