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Mobile & Wireless

Cinterion takes over Siemens Wireless Modules

Monday 2 June 2008 | 13:52 CET | News
Siemens Wireless Modules, the Siemens division which produces wireless communications modules for use in the machine-to-machine (M2M) sector, has been taken over by a group of investors led by the private equity firm Granville Baird as of 1 June. Cinterion Wireless Modules claims a 34 percent share of the market and plans to expand on the M2M market. The company will focus on new vertical and regional markets, on launching novel 3.5G and 4G technologies, as well as on intensifying its M2M One services business. Cinterion has adopted the entire management team and over 400 employees. The new company is headquartered in Munich, Germany, and its developers team will continue to be based in Wroclaw, Poland and Berlin.

Categories: Mobile & Wireless
Countries: World
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Eldar Husejnagic @ 12/1/2012 - 20:07


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