2007

In 2007, Telit raises €16 million for from Italian private investors. There is a management buy-out with Italian investors led by Mr. Franco Bernabe and new Chairman of the Board Mr. Chicco Testa.

2007 also marked the business alliance between Telit Wireless Solutions and the leading global electronics service provider, Bartolini After Market Electronics Services (BAMES). The business alliance consists of a strategic manufacturing agreement and a 16 million Euro capital investment by BAMES, enabling Telit to continue the roll-out of its global strategy focusing on the rapidly-growing M2M market.