Lantronix (LTRX) said Thursday it has completed the acquisition of DZS Inc.'s NetComm Wireless enterprise Internet of Things portfolio for $6.5 million in cash, along with assumptions of some liabilities.

The assets are expected to generate revenue of $6 million to $7 million this year, the company said.

Shares of Lantronix rose more than 3% in recent premarket activity Thursday.

Price: 3.90, Change: +0.12, Percent Change: +3.17