Maestro Wireless / Lantronix
IRVINE, Calif. – July 8, 2019 – Lantronix, Inc. (the “Company”) (NASDAQ: LTRX), a global provider of secure data access and management solutions for the Industrial Internet of Things (IoT), today announced that it has acquired substantially all of the business of Maestro&& FALCOM Holdings Inc. (Maestro), a leading provider of wireless IoT products, through the acquisition of 100% of the outstanding capital stock of each of its operating subsidiaries, Maestro Wireless Solutions Ltd. and Fargo Telecom Asia Ltd. for $4.9 million in cash, subject to customary purchase price adjustments.