Kontron to aquire cellular automotive module unit from Telit Cinterion
Date: 05/07/2023
Kontron AG to acquire Telit Cinterion's cellular automotive IoT product business. This acquisition covers Telit Cinterion’s complete portfolio of cellular automotive wireless communication modules, ranging from 4G LTE to 5G.
Kontron generated sales of EUR 1,342 million in 2022. The intended transaction will be submitted to the relevant workers’ councils. The transaction is expected to close in Q3 2023, subject to regulatory approvals and other customary closing conditions.
Kontron is leading supplier of industrial-grade electronics systems including embedded boards to the global market.
