Westermo announces acquisition of Virtual Access Limited
October 31, 2019 - Westermo, a business entity of the Beijer Group, has acquired 100% of Virtual Access Limited, an Irish-based technology company specialising in wireless industrial routers and gateways, and managed connectivity services for customers in the utility, traffic management and telecommunications sectors.
Virtual Access has 40 employees and operations in Dublin, with annual sales of approximately €12M (~130 MSEK). With the earlier acquisition of Neratec Solutions AG, a specialist in WLAN solutions used within the railway industry, this latest acquisition provides Westermo with an industrial wireless portfolio to support remote data networking applications in a range of demanding applications.
The acquisition will have limited impact on Beijer Group’s earnings in 2019 and is expected to contribute in 2020 in line with Westermo’s profitability level.
Check out our free e-newsletters
to read more great articles.
- Posted in:
- Industry
- Related Portals:
- Industrial Networks, Wireless Networks, Advancing Automation using IIoT and Industry 4.0 Concepts, Systems Integration
MORE INDUSTRY NEWS
-
Verizon helps Virginia shipbuilding company implement 5G serviceWith 5G’s increased bandwidth and ultra-low latency, NNS will be equipped to meet network connectivity demands and will test new ways its...
-
Kinedyne announces John Seliga as Vice President of FinanceA certified public accountant, Seliga holds a master’s degree in business administration from Cleveland State University and a bachelor’s...
-
IFR Report: Korea hits record 300,000 industrial robotsWithin five years, the country has doubled its number of industrial robots. Following Japan and China, the country ranked third in 2018. But the...
-
Senseye partners with ATS Global to accelerate smart factory strategiesATS will support Senseye's clients with the design, implementation, or integration of automated machine data systems such as historians or...
-
ARC Advisory Group Report: ABB leads DCS market for 20th consecutive yearAccording to the report, ABB’s presence in many end-user industries was a major factor in this success. The DCS market saw its main growth in oil...
RELATED
-
Industrial Internet Consortium and oneM2M release whitepaper on Advancing the Industrial Internet...The joint whitepaper, “Advancing the Industrial Internet of Things,” written by the IIC and oneM2M, demonstrates how these two IoT...
-
Litum IoT helps Ferrero Group enhance worker trackingFerrero needed a way to confirm that all its employees could be safely accounted when an emergency evacuation was underway.
-
Association for Advancing Automation Report: North American machine vision market down in 2019Machine vision systems saw a decrease of 2% year over year, at $599.9 million. This category includes smart cameras and application specific...
-
Inside the Rise of 5G Industrial Automation NetworkingBy Bill Lydon, Automation.com
5G is starting to make the goal of wireless industrial automation a reality. Companies are already starting to... -
Advancing Automation: Sensors & Instruments, Volume XXIWith so many new tools and capabilities, it can be hard to keep up with innovations. That’s why Automation.com remains committed to being the top...
