recurring revenue (ARR) and approximately 125,000 asset tags under management with gross margins in the high-60% range

Transaction increases Lantronix’s Software & Services mix to more than 10% of total company revenue

IRVINE, Calif., July 07, 2026 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ:LTRX), a global provider of Edge AI and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure, and resilient enterprise networks, has announced an agreement to acquire the assets of Vecima Networks Inc.’s (TSX:VCM) industrial IoT (IIoT) business, including its Nero Global Tracking software-as-a-service platform. The transaction is expected to close in the near term, subject to customary closing conditions.

The acquisition will add a proven SaaS application layer to Lantronix’s edge hardware and connectivity portfolio, expanding its critical infrastructure monitoring vertical and accelerating its shift toward higher-margin, recurring-revenue IoT solutions. Nero Global Tracking brings an established North American customer base across the fleet, municipal, restoration and industrial asset-tracking markets, strengthening Lantronix’s ability to deliver integrated solutions for customers managing mission-critical assets.

Transaction highlights