Telit to acquire Thales’ IoT unit for 25% of expanded, rebranded industrial IoT business

Italian-American IoT module maker Telit is to acquire the cellular IoT unit of French aerospace, defence, and security company Thales in return for a quarter-share of its expanded industrial IoT business. Thales will take a 25 percent stake in the expanded Telit business, headquartered in California, which will be rebranded as Telit Cinterion. Telit’s automotive…

Hyundai Motor eyes acquisition of Korean lidar-free self-driving startup 42dot – TechCrunch

Hyundai Motor is considering increasing its stake in, or fully acquiring, the South Korea-based lidar-free autonomous mobility platform 42dot, the latest signal of its growing interest in the fast-growing space. A spokesperson of 42dot told TechCrunch that the startup is in talks with Hyundai Motor, but cautioned that terms including stake size and deal valuation…