Telit is acquiring Thale’s portfolio of cellular IoT products to establish a combined firm called Telit Cinterion.

Paolo Dal Pino, CEO of Telit, said: “Innovation, scale and efficient IoT solutions are key for success. This transaction with Thales is arguably the most impactful one for Telit competitiveness.

“While it will boost our ability to address customer needs more precisely from a richer portfolio, it will also enable us to deliver all-new offerings derived...