Advantech : Acquired B+B SmartWorx for US$99.85 Million

Advantech : Acquired B+B SmartWorx for US$99.85 Million, Targeting Industrial IoT Applications and Expansion in the Industrial Connectivity Market

Taipei, Nov. 16, 2015 – Advantech, a worldwide leader in Industrial Intelligent Systems, announced on Nov. 16 that it entered into an agreement,subject to customary closing conditions, to acquire B+B SmartWorx Inc., a privately-held company based in Ottawa, IL, for US$99.85 million. B+B SmartWorx will be led by the current management team and will join Advantech’s Industrial IoT Business Group in developing new products and integrating global sales resources. With this acquisition, Advantech will expand its Industrial Connectivity product portfolio and increase its global market share by leveraging B+B SmartWorx’ branding and sales channels in the U.S., Europe, and the Middle East.

 

[divider scroll_text=”Acquired B+B SmartWorx for US$99.85 Million, 16 October 2015″]