Vecima Networks closes sale of Telematics assets to Lantronix for about CAD 16.5 million
LTRX•Payment terms
Vecima received CAD 14.5 million at closing, with about CAD 2 million due by year-end 2026.
Sale of Telematics assets closes
Vecima Networks closed the sale of assets in its Telematics tracking segment, including Nero Global Tracking software, to Lantronix.
All-cash proceeds are expected to be about CAD 16.5 million, subject to customary working capital adjustments.
