Renewable energy and infrastructure company Motive Companies said it purchased GXC to sell the company's private 5G offerings to its customers. #pressrelease
November 7, 2024
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.
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 platform features proprietary interference cancellation technology, delivering the market's only full cellular mesh solution. GXC supports a wide range of industries, including logistics, warehousing, agriculture, manufacturing, and smart cities. For large-scale warehouses, GXC's private LTE/5G solutions provide the scalability and reliability needed to power advanced automation and seamless connectivity.
The GXC acquisition gives Motive a platform to rapidly expand into new markets that can use 5G infrastructure to meet the demand for automation and Industry 4.0 solutions. GXC's 5G technology is proven to support these requirements from the standpoint of reliability and performance, network security, flexibility, and cost efficiency.
Read the full press release here.
You May Also Like
