MITAC auto M2M spin-out news looks like consolidation, increased scale, JV pending, possible new markets for a newly capitalized business. Looks like the M2M industry is healthy for select companies and solutions.
digitimes.com
Mitac to spin off mobile communication product business DIGITIMES 16 October 2017 Mitac Holdings has announced subsidiary Mitac International will spin off its mobile communication product business group, which will be transferred to a new entity ... the spin-off will allow Mitac's Internet of Things (IoT) business development to have more flexibility. .. Ho pointed out that the company is actually having talks with outside companies for cooperation for the new affiliate and will not rule out any partnership opportunity. In addition to its recent partnership with Japan-based car vendor Subaru over its IoT for car system, Mitac is also looking to form collaboration with a US-based car vendor to adopt the IoT platform in its new cars for 2018.
en.wikipedia.org
Headquarters Nangang Dist. Taipei, Taiwan
MiTAC Holdings Corporation, through its subsidiaries (MiTAC International Corp. and MiTAC Computing Technology),provides GPS navigation devices, automotive solution, cloud services and cloud computing products worldwide.The company offers a range of electronics manufacturing services, such as research and development, design, manufacturing, assembly, marketing, and solutions.It also distributes portable car navigation products, outdoor handheld navigation devices, and mobile GPS solutions; and DashCam for vehicles, portable navigation devices for 4WD, and trucks under the Magellan, Mio, and Navman brand names... |
