Kontron to acquire cellular automotive module unit from Telit Cinterion for €25m.

Kontron, a technology company, agreed to acquire cellular automotive module unit from Telit Cinterion, a communication device company, for €25m. "Today's acquisition marks another milestone in Kontron's journey towards becoming a global leader in IoT solutions. Telit Cinterion's world-class products seamlessly complement our existing technologies built on 5G and real-time standards for the automotive industry. This strategic move solidifies our commitment to delivering exceptional IoT solutions to our customers and propels us towards the forefront of innovation. With our expanded portfolio, we will drive transformative change, leverage emerging technologies, and create a seamless IoT ecosystem that empowers industries worldwide," Hannes Niederhauser, Kontron CEO.