Laird Buys AeroComm for $38M (1/24)
Wednesday, January 24, 2007 | Comments
Laird Technologies acquired AeroComm for $38 million. AeroComm is a designer and manufacturer of wireless communications systems for low- to mid-volume OEM applications where high-reliability communications are required. The company designs and builds complete systems based on proprietary or standard communications protocols including antennas, complete RF processing hardware, operating software, and interfaces to a multitude of OEM systems. Key applications include industrial automation, lighting controls, heavy equipment telemetry, wheel alignment sensor systems, automatic utility meter readers, and others. "We have been growing Laird Technologies since its inception by continually broadening the range of electronic components we can offer to our customers," said Martin L. Rapp, chief executive officer (CEO) of Laird Technologies. "And this will continue. With the acquisition of AeroComm, we enter a new phase of our development, with the ability to offer complete wireless communication systems for equipment manufacturers who want their products to communicate wirelessly but don't have the internal skills to know how."


 
 
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