SmartWave Technologies to Drive Growth of IoT Market with Acquisition of MultiTech

Per the company, joining with SmartWave Technologies, the new MultiTech is now in a position to grow the market size of connected IoT devices and accelerate OEM and enterprise digitization.

SmartWave Technologies announced that it has acquired Multi-Tech Systems, Inc., a global supplier of Industrial IoT communication devices and services. SmartWave Technologies and MultiTech will operate as one under the MultiTech brand.

Per the company, joining with SmartWave Technologies, the new MultiTech is now in a position to grow the market size of connected IoT devices and accelerate OEM and enterprise digitization.

Combined, the companies plan to 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.

For more information, visit: www.multitech.com