Internet of Things (IoT) technology company Digi International has entered into a definitive agreement to acquire leading IT infrastructure provider Opengear. Our firm is advising the company in the pending transaction, which represents the largest M&A deal in Digi’s history.
The acquisition is subject to customary conditions, including federal antitrust regulatory clearance.
Under the merger, Digi has agreed to acquire Opengear for upfront cash of approximately $140 million, with the possibility of up to an additional $15 million, based on revenue performance through 2020.
