logo
Share SHARE
FONT-SIZE Plus   Neg

Telit Communications To Buy Crossbridge Solutions - Quick Facts

Telit Communications Plc (TCM.L) has signed and consummated an agreement to purchase Crossbridge a premier US based M2M data and value added services provider located in Lincolnshire, Illinois, U.S.A. The company added that the Crossbridge acquisition and its U.S. based engineering and sales staff would allow Telit to expand its m2mAIR business unit offerings in M2M value added services and connectivity to the USA.

Oozi Cats, Chief Executive of Telit, said "the Crossbridge acquisition provides Telit with access to American value added service customers and provides Telit with an opportunity to expand its m2mAir offering to small/medium m2m customer in the U.S. We see tremendous synergies between m2mAir and the Crossbridge offering and we welcome the opportunity that this acquisition provides us to consolidate our presence in the US market."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Can a washing machine explode just like a bomb? A lawsuit filed in the federal court in New Jersey alleged that there was loud noise and damage to garage wall as the washing machine went off with a violent boom. Samsung is facing federal class action lawsuit from customers. There were similar reports... German lender Commerzbank AG said Thursday that it will cut almost 10,000 jobs, stop paying dividends for the time being and merge two big units as part of a restructuring to become profitable on a sustainable basis by 2020. The bank, Germany's second largest, said that to cover its restructuring costs in the region of 1.1 billion euros, it will cease dividend payments for the time being. Apple Inc. has repeatedly assured customers of its commitment to privacy and said that iMessage conversations are safe. However, Apple's iMessage logs the phone numbers typed by users for a text conversation and shares this information with law enforcement when compelled by court order, according to news site "The Intercept."
comments powered by Disqus
Follow RTT