Motorola's M2M Modules product line goes to Telit

The acquisition would bring Telit’s consolidated pro forma revenues to approximately $180 million for the year ended 31 December 2010. This is equivalent to a pro forma market share of approximately 20% based on the current market analysis by Beecham Research. Oozi Cats, CEO of Telit said: "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."