Texas-based private 4G/5G provider GXC has agreed to sell its business to California-located Motive Companies, known for its renewable energy and infrastructure solutions. This strategic acquisition aims to enhance GXC’s capabilities in providing advanced 5G services to various industrial sectors. Despite the announcement, the financial terms remain undisclosed.
Based in Austin, GXC offers private 4G and 5G networks to enterprises across logistics, warehousing, agriculture, manufacturing, and smart cities in the U.S. The company’s Onyx platform boasts its proprietary technology that reduces interference, ensuring dependable, secure, and cost-effective connectivity.
For Motive Companies, this represents an opportunity to venture into markets needing 5G for automation and Industry 4.0. Known for its energy storage, solar systems, and electric vehicle infrastructures, Motive aims to expand its offerings swiftly. Motive also provides consultancy, deployment, integration, and management of innovative systems.
“In Motive, we have a partner with unmatched market expertise,” said Allen Proithis, chief at GXC. The synergy between the two companies aligns naturally, enhancing their services to meet evolving industry demands. The acquisition will ease the provision of state-of-the-art infrastructure, supporting advanced business solutions and expanding into new markets.
Bob Istwan, Motive’s chief executive, further expressed faith in GXC’s growth and innovative solutions. The acquisition is seen as a move to strengthen their ability to offer a robust private 5G platform, catering to sectors such as material handling and logistics.
