Telit strike out to consolidate the global M2M market position

 International news, recently, Telit Wireless Solutions and Motorola Solutions have reached a final agreement. Under the agreement, Telit will buy Motorola's M2M module product line, Motorola's related staff will 

acquisition, Telit 2010 total revenue will reach about 1.8 billion U.S. dollars. According to the analysis of authority BeechamResearch, Telit will account for 20% global market share.

Telit CEO OoziCats said: The acquisition will produce the expected cost synergies, gives us the opportunity to cross-sell products, the company won more customers. Telit long-term emphasis on product development and support, along with R & D capabilities, M2M product categories expansion and product performance enhancements, the company and customers will benefit. Telit's acquisition strategy that companies are growing, revenue increased year by year, and achieved sustainable growth. Telit believe that this investment can generate a profit within a year.

solutions company Motorola will focus all resources to core areas of advantage, mainly for government departments, public safety and enterprise customers with mission-critical and business-critical communications solutions.

on

Telit Telit is a leading wireless Machine to Machine (M2M) technology experts, is the only global for a variety of wireless technology to provide communication module of the company. Its specialized development, production and sales of GSM / GPRS, UMTS / WEDGE / HSDPA, CDMA / EVDO and short-range radio frequency application modules. M2M applications for machinery, equipment and vehicles to communicate between the mobile network, so that business processes more rational.

Telit's products are applied worldwide, and by companies in Brazil, China, Denmark, France, Germany, Israel, Italy, South Korea, Spain, South Africa, Russia, Taiwan, Turkey, the United Kingdom and the United States and other countries and regions to sell. Telit's global dealer network includes experts in the field of wireless technology, and more than 56 countries to meet the different needs of customers. TelitCommunicationsPLC the London Stock Exchange's Growth Enterprise Market (AIM), stock code: TCM.