March 14, 2017 - Ubiqconn announced the buy-out acquisition of RuggON shares, a supplier in portable computing systems. The acquisition is considered as a step-forward to offer complete Mobile IIoT (Industrial IoT) solutions and expand its global Industrial IoT (IIoT) market strategy in the ecosystem. This is also the first acquisition case of Ubiqconn since its establishment 5 years ago. The management team remains after the acquisition, and resources from the parent company FICG will be provided to expand product lines and branding development for RuggON. RuggON, after the acquisition, will establish an in-vehicle computing division besides expanding portable computing solutions.
The division will target at Industrial IoV (Internet of Vehicles) markets. The further new channel developments will be dedicated mainly in Asia, Greater China and emerging markets. The acquisition not only integrates resources between Ubiqconn and RuggON, but also product lines from both parties.
Ubiqconn was established to focus on Industrial IoT ecosystems. To fulfill the varied booming applications of IIoT, Ubiqconn will further reinforce its internal product incubation and external cooperation with other sectors to drive future growth.
