Rakon increases stake in Australian start-up Thinxtra

Tue, 01 Mar 2016

By Sophie Boot March 2 (BusinessDesk) - Rakon, the high-tech components manufacturer, has increased its stake in Australian start-up Thinxtra to almost a fifth as it looks to boost its exposure in expanding machine-to-machine (M2M) connectivity, known as the Internet of Things (IoT). The Auckland-based company spent A$747,701 to lift its shareholding in Thinxtra to 18.1 percent, it said in a statement. Rakon bought an initial 11 percent stake in Thinxtra last December for A$800,000. Thinxtra plans to launch operations in Australia and...

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