Laird Technologies acquires Cattron22 December 2010 by Will North
St. Louis, Missouri- based Laird Technologies has announced the acquisition of Cattron Group International Inc.
Laird operates in the design and supply of customized, performance critical components and systems for advanced electronics. Cattron supplies remote controls to a range of industries, and offers hosted network application software for asset monitoring.
With its headquarters in Pennsylvania, Cattron’s sales revenues for the fiscal year ending September 30, 2010 were $53.8m. The firm also has facilities in North America (Toronto, Canada; Montreal, Canada; Escondido, California), Europe (Mönchengladbach, Germany; Walton-on-Thames, UK), South America (Campinas, Brazil), Africa (Johannesburg, South Africa), and Asia (Shanghai, China).
Cattron operates in the design and supply of high-reliability wireless remote control systems serving industries including railroad, mining, and global industrial markets. The firm also provides fully hosted networked applications software, enabling customers to monitor remote controlled assets in real-time.
The purchase extends on Laird’s current range of wireless machine-to-machine (M2M) product offering and the markets those products serve.
Martin Rapp, CEO of Laird Technologies said of the acquisition: “Cattron’s leading position in the rail, mining and industrial markets that Laird Technologies does not currently serve will help is grow more broadly in these markets.
“These experiences and capabilities in providing broad applications software and full systems will help Laird Technologies continue to expand out offering in the large and rapidly growing M2M market.”
John Paul, CEO at Cattron said: “Cattron is very excited to join Laird Technologies, a truly world-class company. Laird’s strength in wireless communications technologies, global operational capabilities, and access to growing international markets will help Cattron to reach the next level of providing the best in safety and productivity solutions to our customers.”