Digi International Acquires Disruptive Technologies for $130M
Digi International (NASDAQ: DGII) has agreed to acquire Disruptive Technologies in a cash transaction valued at $130 million. The acquisition will be funded through Digi's existing revolving credit facility, avoiding the need for new debt or equity financing. Disruptive Technologies is expected to integrate into SmartSense by Digi, enhancing its Internet of Things (IoT) sensing and real-world data monitoring capabilities. This move aligns with Digi’s strategy to expand its IoT offerings through strategic acquisitions that add value to its product portfolio.
Tickers: $DGII
Topics: acquisitions corporate strategy IoT