SmartWave Technologies Acquires MultiTech to Drive Growth of IoT Market
SmartWave Technologies announced that it has acquired Multi-Tech Systems, Inc., a global supplier of Industrial IoT communication devices and services. SmartWave Technologies, a provider of industrial IoT end devices, and MultiTech will operate as one under the MultiTech brand.
Joining with SmartWave Technologies, the new MultiTech is now in a position to significantly grow the market size of connected IoT devices and accelerate OEM and enterprise digitization.
The combined entity will drive deployment of proven Industrial IoT first-to-market innovations in low power, wireless access and broadband, low-latency communication technologies, machine protocols, integrated sensors and mobile applications to further scale the deployment of smart assets, durables and industrial consumables. The new MultiTech entity will offer expanded expertise in wireless standards, electromagnetic sensor technologies, component and refill authentication, as well as extended capabilities in industrial design and manufacturing and mobile applications.
MultiTech designs, develops and manufactures communications equipment for the industrial internet of things – connecting physical assets to business processes to deliver enhanced value.
Founded in 1994 and headquartered in Toronto, SmartWave designs and manufactures components for products that require sensing, verifying, or dispensing on behalf of companies in the healthcare, hygiene, sanitary, plumbing supply and other end markets. SmartWave adds value to customers’ products by incorporating technology that improves the product functionality and enhances the end user experience.
MultiTech is one of many industrial cellular suppliers profiled in ARC’s new Industrial Cellular Router Global Market Research. This research report includes competitive analysis, plus five-year market forecasts by world region, industry, new vs. retrofit, fixed vs. mobile, cellular technology (including 5G), public vs. private, CPU type, operating system, edge-to-cloud integration, edge computing capability, form factor, environmental rating, industry-specific certifications (Class 1 Div 2, IEC 61850-3, EN50155), sales channel, and customer type.
