As the global leader in providing high quality technological innovative solutions to a variety of industries, Laird is always improving and enhancing these components and systems to industry-leading standards.
Acquisition Helps Grow Wireless Communication System Capabilities
Laird Technologies, the world's leading designer and manufacturer of antenna solutions, electromagnetic interference (EMI) shielding products, telematics, signal integrity products and thermal management solutions, today announced the acquisition of AeroComm for $38m. Profits for the year ending December 31, 2006 were $2.9m.
AeroComm is a leading designer and manufacturer of wireless communications systems for low- to mid-volume OEM applications where high reliability communications are required. The company designs and builds complete systems based on proprietary or standard communications protocols including antennas, complete RF processing hardware, operating software and interfaces to a multitude of OEM systems. Key applications include gaming machines, industrial automation, lighting controls, heavy equipment telemetry, athletic event scoreboards, wheel alignment sensor systems, automatic utility meter readers, etc.
"We have been growing Laird Technologies since its inception by continually broadening the range of electronic components we can offer to our customers," said Martin L. Rapp, CEO of Laird Technologies. "And this will continue. With the acquisition of AeroComm, we enter a new phase of our development, with the ability to offer complete wireless communication systems for equipment manufacturers who want their products to communicate wirelessly but don't have the internal skills to know how." Dan Miller, co-founder of AeroComm, said, "AeroComm is well respected in our ability to quickly and efficiently provide custom wireless communication modules. We will now be able to grow much faster by being part of Laird Technologies, with their global reach and broad customer base."
AeroComm operates from a facility in Lenexa, Kansas.
About Laird Technologies, Inc.
Laird Technologies designs and supplies customized, performance-critical products for wireless and other advanced electronics applications.
The company is a global market leader in the design and supply of electromagnetic interference (EMI) shielding, thermal management products, mechanical actuation systems, signal integrity components, and wireless antennae solutions, as well as radio frequency (RF) modules and systems.
Custom products are supplied to all sectors of the electronics industry including the handset, telecommunications, data transfer and information technology, automotive, aerospace, defense, consumer, medical, and industrial markets.
Laird Technologies, a unit of Laird PLC, employs over 14,000 employees in more than 40 facilities located in 14 countries.
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