Laird Technologies Inc. , a supplier of customized electronics and wireless products, announced its acquisition of Summit Data Communications , a manufacturer of wireless LAN modules and cards for mobile computers, medical devices, and similar equipment. Summit posted a revenue of $17.2 million in 2011, increasing 13% from the previous year.
The acquisition expands Laird Technologies’ (Cleveland, Ohio, USA) presence in the wireless machine-to-machine (M2M) market, says Laird. Summit’s technologies are aligned with Laird’s focus on systems and services built around solutions which combine hardware and software.
“The acquisition of Summit allows us to develop further our wireless connectivity offering, adding products to our range that allow wireless systems to function efficiently in difficult radio frequency environments like factories and hospitals,” said Nigel Keen, Laird’s executive chairman.
Summit opened its doors for business in 2006 and already serves more than 75 customers around the world. With its main facility in Akron, Ohio, the company will help expand Laird's wireless modules business, says the company.
“Laird Technologies entered the M2M module business a few years ago and the addition of Summit allows us to further expand our business into new markets,” said Tom Cochran, President of Laird Technologies Wireless Systems Division.