Long-time Investor Will Purchase Private Cellular Provider to Strengthen Its Portfolio and Satisfy Escalating Demand for Private 5G Connectivity FOUNTAIN VALLEY, Calif. , Nov. 7, 2024 /PRNewswire/ -- Motive Companies ( www.
motivecompanies.com ), a leading provider of renewable energy and infrastructure solutions for industrial and commercial applications, announced it has reached an agreement to acquire GXC ( www.gxc.
io ), a highly-respected provider of private cellular network solutions for enterprises. Through this transaction, Motive will provide GXC with substantial resources to expand its customer base and deliver advanced 5G network services to a broad range of industrial customers. Terms of the acquisition were not disclosed.
"Many of us on the leadership team, myself included, have been personally invested in GXC since its early days, witnessing firsthand its growth and innovation," said Bob Istwan , CEO of Motive Companies. "Their solutions align naturally with ours, enhancing the services we provide to our customers. This acquisition strengthens our ability to meet the evolving demands of industries like material handling and logistics, offering a dependable, efficient private 5G platform that supports advanced business applications.
" Austin -based GXC is a recognized leader in private 5G networks for enterprise applications. Its patented solutions enable businesses to expand coverage, enhance resiliency and security, and lower network operating costs. The Onyx plat.