Identiv to Sell IoT Assets to Trackonomy for $50 Million Preferred Equity

Identiv has entered a definitive agreement to sell its Internet of Things operating assets and its Thai subsidiary to Trackonomy Systems, announced in a press release. Under the terms, Identiv will transfer its IoT assets, including its German research and development center, and contribute 25 million dollars in cash in exchange for 50 million dollars in Trackonomy preferred equity.

The transaction is expected to close in the third or early fourth quarter of fiscal year 2026, subject to customary conditions including stockholder approval. Identiv will remain a publicly listed company on Nasdaq under the ticker INVE but will change its name after the sale since the Identiv brand will be included in the assets sold.

Identiv and Trackonomy have also signed a strategic partnership framework to collaborate on new software opportunities using Trackonomy’s physical AI platform. Following the sale, Identiv plans to focus on building a SaaS business centered on physical AI, targeting acquisitions of compliance software companies in regulated industries.

Trackonomy will acquire Identiv’s Thailand manufacturing site to expand its production capacity and improve cost efficiency. The companies expect operational synergies from combining Identiv’s RFID and Bluetooth Low Energy expertise with Trackonomy’s large scale deployment capabilities.