Lantronix (LTRX) said Thursday it has completed the acquisition of DZS Inc.'s NetComm Wireless enterprise Internet of Things portfolio for $6.5 million in cash, along with assumptions of some liabilities.
The assets are expected to generate revenue of $6 million to $7 million this year, the company said.
Shares of Lantronix rose more than 3% in recent premarket activity Thursday.
Price: 3.90, Change: +0.12, Percent Change: +3.17
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