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Telit Cinterion Enters a Strategic Partnership with Kontron
A binding agreement has been reached under which Telit Cinterion will sell Kontron its cellular automotive IoT product business.
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CIO Applications | Monday, September 25, 2023

Telit Cinterion and Kontron officially agreed to sell Telit Cinterion's cellular automobile product division to Kontron.
FREMONT, CA : A binding agreement has been reached under which Telit Cinterion will sell Kontron its cellular automotive IoT product business. Telit Cinterion is a leading Internet of Things (IoT) solution provider worldwide. Kontron AG is a leading global provider of smart IoT solutions and expert IT services.
The entire portfolio of cellular car wireless communication modules from Telit Cinterion, spanning 4G LTE to 5G, is included in the planned sale. The anticipated transaction will confirm Telit Cinterion's leadership position in the Western market for cybersecure IoT solutions and the company's expanding presence in important industrial IoT end markets and segments, such as energy, telematics, e-health, broadband, and security & surveillance.
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Kontron offers technology that adds value to its clients, including automated industrial operations, smarter and safer transportation, advanced communications, and medical and energy solutions. Telit Cinterion, the most prominent Western provider at the forefront of IoT innovation, offers the leading brands in the market award-winning and highly secure IoT solutions, modules, and services.
Kontron is a leading global technology provider with about 4,500 staff across 21 nations. In 2022, the business had sales of EUR 1,342 million. The concerned workers' councils will be informed of the anticipated transaction. In Q3 2023, the transaction is expected to close, pending regulatory clearances and other usual closing requirements. Telit Cinterion narrows its focus on its pure-play industrial and commercial IoT strategy with this divestment.
Customers and partners of Kontron and Telit Cinterion will continue to get the exceptional supply, support, and service to which they are used. All pertinent parties will be informed throughout the transaction, after it closes, and during the subsequent integration period.
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