Vecima Networks Inc. has announced an agreement to sell its Telematics mobile and fixed-asset tracking segment to Lantronix, Inc. The transaction includes the Telematics Business assets, including Vecima’s Nero Global Tracking software. Both companies describe Lantronix as a provider of Edge AI and Industrial IoT solutions, including intelligent computing and secure connectivity. The deal is reported as being valued at about C$16.5 million, according to one outlet. The announcement is made by Vecima from Victoria, British Columbia, and references the company’s TSX listing (VCM). The agreement covers the assets of the Telematics segment rather than an entire operating company, and is structured as a sale of those assets. The sources do not detail additional transaction terms such as closing timing, regulatory approvals, or specific conditions in the provided excerpts, nor do they describe any immediate operational changes for customers. The reports focus on the announced asset sale and the nature of the technology and tracking products being transferred from Vecima to Lantronix.