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Adlink Technology Reports Acquisition of LiPPERT Embedded Computers [Travel & Leisure Close - Up]
(Travel & Leisure Close - Up Via Acquire Media NewsEdge) Adlink Technology announced the 100 percent share acquisition of LiPPERT Embedded Computers GmbH in Germany for approximately 7M euro based on the resolution of the board meeting held on January 19.
According to a release, established in 1987 and located in Mannheim, Germany, LiPPERT has around 40 employees with a predominantly research and development and technical background and has experience in the design and manufacture of quality embedded PC systems for rugged environments. LiPPERT promotes its products with the "LiPPERT" brand through established sales networks in vertical markets requiring module products for critical applications such as automation, transportation, medical, and defense.
Jim Liu, CEO of Adlink, said, "By leveraging LiPPERT's solid design methodology and process, the overall quality of Adlink's embedded PC products can be effectively improved and better applied to a variety of environment-critical markets. Furthermore, the synergy of this acquisition with respect to production, costs, market development, and product comprehensiveness will be brought into full play. With the addition of LiPPERT's technical team, Adlink will be able to provide better support to its customers in Europe and increase its global market share in module computing."
Adlink has appointed Peter Lippert as Vice President in charge of the Global Module Computing Product Segment.
"In order to enhance competitiveness and growth, I've decided to sell. At the same time, we can now focus attention on new customer groups," said Lippert, CEO of LiPPERT Embedded Computers. "There was no financial pressure nor health concerns affecting the sale," he continued. "Adlink is strengthened by the acquisition of LiPPERT Embedded Computers in the areas of PC/104, Computer-on-Modules and Embedded Motherboards. We complement each other very well.
Adlink Technology provides a range of embedded computing products and services to the test & measurement, automation & process control, gaming, communications, medical, network security, and transportation industries.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
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