Telit Communications said it will become a “contender” in the growing GPS market with the US$3 million purchase of Navman OEM Solutions.
Telit Wireless Solutions is a brand of Telit Communications PLC (AIM: TCM), an enabler of machine-to-machine (M2M) communications worldwide providing wireless module technology, M2M managed services and value added services, including connectivity. Exclusively dedicated to M2M with more than 12 years of experience in the market, the company constantly enhances its technology leadership with six R&D centers across the globe. Telit offers an extensive portfolio of the highest quality cellular, short-range RF, and GNSS modules, available in over 80 countries. By supplying scalable products that are interchangeable across families, technologies and generations, Telit is able to keep development costs low and protect customers' design investments. In addition, Telit is the only module provider in the market today to offer a value added services bundle including connectivity dedicated to simplifying the deployment of M2M applications.
Telit provides unmatched customer support and premier design-in expertise through its 25 sales and support offices, a global distributor network of wireless experts with more than 30 Telit-designated Competence Centers, and its online Telit Technical Support Forum.
Telit technology enables organizations to wirelessly collect, process and respond to real-time data from vending machines, utility meters, cars, remote health monitors and any other connected devices, creating new efficiencies and revenue opportunities as well as societal and personal benefits. Further information about Telit and its products can be found at www.telit.com. Join the conversation and learn more about Telit and its customers’ innovative applications on Facebook and Twitter.
21/12/11
Telit Communications said it will become a “contender” in the growing GPS market with the US$3 million purchase of Navman OEM Solutions.
19/09/11
Analysts at Investec and Northland Capital Partners stick with ‘buy’ recommendations, as well as target prices for the shares of more than 100 pence, after Telit boosts H1 revenues and profits
12/07/11
News that Telit has increased revenues by more than one third during the first half was well received by analysts. House broker Investec has a 120 pence price target for the shares.
11/07/11
Telit has bought GlobalConect, a provider of wireless technology, in order to improve Telit’s own machine-to-machine communications offering to its customers. Analysts have responded positively to the deal
01/07/11
Things are looking up for Telit Communications, the machine-to-machine communications group, with a new study suggesting its share of its market has risen significantly. Broker Investec for one is upbeat on prospects for the company.
20/12/10
The Machine-to-Machine communication specialist is set to double earnings in 2010, but Friday saw the stock fall 10 percent in reaction to news of an unsuccessful acquisition attempt. Northland analyst David Johnson thinks the stock has fallen too much.
08/09/10
Technology group Telit Communications delivered a better than expected set of interim results and said it is ready to hit the acquisition trail in the fast consolidating machine to machine (M2M) market.
08/03/10
Revenues in the full year were up 10.7%. The machine-to-machine communication specialist transfered manufacturing to China during the period.
10/06/09
28/05/09