PCTEL expands antenna business with Europe acquisition

 
Posted5/3/2021 2:38 PM

BLOOMINGDALE -- PCTEL Inc. said it has acquired Smarteq Wireless AB, a leading European supplier of antennas for vehicular, energy and industrial applications. Financial details of the transaction were not disclosed.

PCTEL acquired Smarteq from Allgon AB.

 

Smarteq, based near Stockholm, Sweden, provides antennas for smart metering, luxury vehicles, electric vehicle charging stations, industrial factory process automation, heavy construction and off-road vehicles.

"With Smarteq, PCTEL has a strong local presence, expertise, and channel partners to accelerate our growth in Europe, as well as a complementary portfolio of products for our Industrial IoT and intelligent transportation customers worldwide," said David Neumann, PCTEL's CEO. "We are also excited to enter new markets such as electric vehicle charging stations, where analysts predict significant growth over the next several years.

Bloomingdale-based PCTEL is a global provider of wireless technology, including purpose-built industrial internet-based devices, antenna systems, and test and measurement solutions.

0 Comments
                                                                                                                                                                                                                       
 
Article Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.