Westermo Network Technologies AB has acquired Neratec Solutions AG to enhance its offering of wireless solutions for the railway industry, securing a strategic position in the growing market for industrial communication technologies.
Information on the Target
Neratec Solutions AG is a Swiss technology company specializing in industrial WLAN products and wireless sensor solutions. Established in 1994 as Elektrobit AG, a subsidiary of Finland's Elektrobit Oy, Neratec was later acquired by Jussi Harju and Hans Kaufmann. The company has built a strong portfolio of international clients and currently employs approximately 30 highly qualified professionals.
Through its innovative industrial WLAN solutions, Neratec meets the highest standards for applications across various sectors, including railway, automotive, manufacturing, and process automation. With a commitment to excellence in technology, Neratec is poised to enhance its market position under the umbrella of Westermo Network Technologies AB.
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Industry Overview in Switzerland
Switzerland's technology sector is highly regarded for its innovation, particularly in communications and automation technology. The country boasts a skilled labor force and significant investment in research and development, making it a hub fo
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Westermo Network Technologies AB
invested in
Neratec Solutions
in 2019
in a Merger deal
Disclosed details
Revenue: $59M