Telit Wireless buys Motorola’s m2m modules product line

Telit Wireless Solutions and Motorola Solutions has signed a definitive agreement in which Telit will purchase Motorola Solutions’ m2m modules line of products and Motorola Solutions’ associated employees will join Telit.

The sale is subject to customary closing conditions and regulatory approvals.

The acquisition would bring Telit’s consolidated pro forma revenues to approximately $180m (£113m) for the year ended 31 December 2010.

This is equivalent to a pro forma market share of approximately 20 per cent based on the current market analysis by Beecham Research.