www.telit.com
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.
Telit Communications to become a 'contender' in GPS market with Navman deal
Telit Communications (LON:TCM) said it will become a “contender” in the growing GPS market with the US$3 million purchase of Navman OEM Solutions.
The deal will broaden the product offering of Telit, a specialist in machine-to-machine technology (M2M).
In the year to the end of the month the Navman business is expected to post sales of US$7.1 million, giving EBITDA of US$200,000.
This is Telit’s third deal of the year and follows on from the purchase of Motorola’s machine-to-machine business and the acquisition of Globalconect, the connectivity services provider, which is due to complete next month.
Chief executive Oozi Cats said: "The Navman acquisition provides Telit with access to new GPS customers and products beyond the traditional M2M industry.
“Navman's reputation for delivering state-of-the-art GPS technology and the global reach of Telit's sales and marketing organization put us in a strong position to benefit from the growth in the GPS sector.
“In addition, the acquisition strengthens our position as the premier product and consultative partner in the M2M industry by leveraging the synergies of both companies to better serve our global customers".
George Arnott, the vice president of Navman's global OEM solutions business, will be managing the business unit under Telit's ownership.
He said: "We are excited about the prospect of working with the Telit team to continue bringing our quality GPS module solutions to the market.
“With our pioneering GPS engineering background, we are also excited about the possibility of creating new hybrid GPS and wireless M2M innovations for Telit customers."
According to the market research firm RNCOS the GPS market will grow by 20 per cent this year to 900 million units valued at US$70 billion.
M2M technology is described by those in the business as the ‘internet of things’ as it connects machines and devices via wireless so they can communicate.
It is used in a variety of industrial and business fields to improve productivity. For example, in remote production environments they help to reduce the need for a human being to be on site all of the time.
Vehicles with the capability can automatically notify service centres of maintenance issues. Another good example is of vending machines that can report to central warehouses when they are running low on stock.
