Iteris has announced the closing of its previously announced agreement to be acquired by Almaviva. Iteris’ common stock has ceased trading on the NASDAQ and Iteris will no longer be listed on any public market effective as of the closing. (more…)
November 5, 2024
Posted by: Magda Dabrowska
Advantech has announced that it has finalised its acquisition on block shares of AURES Technologies SA. On October 1st, 2024, Advantech has closed block trade of 1,430,381 shares from the major AURES shareholder and subscribed the first tranche of convertible bonds of EUR 2,500,000 of principal amount.
October 8, 2024
Posted by: Magda Dabrowska
An affiliate of Balmoral Funds LLC has acquired and rebranded Sensata Technologies‘ Insights business unit as Xirgo Technologies. Chris Wolfe has been appointed the CEO of Xirgo Technologies. (more…)
October 3, 2024
Posted by: Magda Dabrowska
LG Electronics has acquired an 80% stake in Athom to strengthen LG’s position in the smart home market. The company’s founders Stefan and Emile will stay on as executives.
With this acquisition, the Homey operating system, connectivity and partnerships that Athom has developed over the past ten years will become available to LG, instantly making LG one of the leading provider of smart home solutions worldwide.
Homey will continue as it is, with Athom remaining committed to developing Homey Cloud and Homey Pro, and keep working on an ever-expanding lineup of new products. Backed by LG’s knowledge and experience in manufacturing, partnerships and worldwide sales, Homey can now grow even faster than before. (more…)
July 4, 2024
Posted by: Magda Dabrowska
Powerfleet has announced IMC Logistics has deployed its SaaS-based, data-agnostic platform, Unity. Through using Unity’s data highway, large amounts of data can now be ingested, harmonised and simplified within a single pane of glass, offering actionable insights and real-time visibility of IMC’s unpowered and untethered assets across hundreds of locations in North America. (more…)
June 21, 2024
Posted by: Magda Dabrowska
AST Networks has expanded its ecosystem further through the acquisition of Reygar. This move enhances AST Networks’ capabilities in delivering comprehensive solutions to the maritime industry, using the complementary strengths and expertise of Reygar to create a formidable force in the market. The synergies between the two entities promise to unlock new opportunities, enhance operational efficiency and deliver unmatched value to customers worldwide. (more…)
April 29, 2024
Posted by: Magda Dabrowska
The Cicor Group has completed the acquisition of TT Electronics IoT Solutions with three production sites in the UK and China. (more…)
April 8, 2024
Posted by: Magda Dabrowska
ABB announced that it has agreed to acquire a majority of software service provider Meshmind to expand its research and development (R&D) capabilities in AI, Industrial IoT and machine vision. Through this acquisition, ABB will integrate engineering talent, AI and software knowledge to form a new global R&D hub to further accelerate the development of automation solutions within its Machine Automation division (B&R). The deal will focus on industries such as logistics and manufacturing. (more…)
January 19, 2024
Posted by: Magda Dabrowska
The Fedrigoni Group has acquired a minority stake in SharpEnd/io.tt, an IoT solutions and consulting company led by Cameron Worth, the CEO and founder. This acquisition was made through a capital increase and is part of Fedrigoni’s new corporate venture capital program. (more…)
January 15, 2024
Posted by: Magda Dabrowska
Radisys Corporation (Radisys), a wholly owned subsidiary of Jio Platforms Limited and a global provider of open telecom solutions, announced that it has completed the acquisition of Mimosa Networks, Inc. (‘Mimosa) from Airspan Networks Holdings Inc. Mimosa brings a diverse portfolio of point-to-point and point-to-multi-point connectivity products leveraging unlicensed spectrum bands. (more…)
August 16, 2023
Posted by: Janmesh Chintankar