Sequoia Technology Look Forward to Supporting New Customers as Telit Wireless Solutions Take Over Motorola Solutions M2M Module Line
Telit signed a definitive agreement to purchase Motorola Solutions' M2M module line of products and Sequoia Technology is looking forward to Supporting New Customers as result of this take over.
Sequoia Technology are excited to announce that their Wireless partner Telit Wireless Solutions has this week agreed the purchase of Motorola Solutions M2M module line. The purchase for $26m is subject to customary closing conditions and regulatory approvals.
CEO for Telit Oozi Cats this week said "I am convinced that this acquisition is a strategic milestone for our company. It will allow us to pursue the further expansion into the growing m2m market. We are confident that the combination will generate cost synergies and new opportunities for cross -selling of products and increased customer account development. Moreover our company as well as our customers will profit from enhanced research and development capabilities, a broadening of Telit's m2m product offering and the enhancement of m2m modules' products through Telit's commitment to long -term product development and support."
It is yet to be revealed how the Motorola module line will integrate into the extensive portfolio of products that Telit already offer but Sequoia look forward to offering its expertise in the M2M market to a new group of customers. For further information please contact Tim Clayton - Telit Product Manager at Sequoia Technology on 01189 769000