Laird Technologies, the world’s leading designer and manufacturer of electromagnetic interference (EMI) shielding materials, thermal management products and wireless antenna solutions, announced today it acquired all assets of RecepTec, LLC and all outstanding shares of RecepTec GmbH for $89.0 million. The purchase broadens Laird Technologies breadth of antenna products for telematics applications.
RecepTec is the market leader in the design of antennas and related products for satellite radio reception in vehicles as well as having world class antenna products for vehicular cellular communications, vehicle navigation, AM/FM radio reception and European Digital Audio Broadcasting (DAB).
“The quality of RecepTec’s telematics business complements our growing antenna product portfolio,” said Martin Rapp, CEO of Laird Technologies. “The combination of the two companies makes Laird Technologies uniquely positioned to expand the combined businesses in the rapidly growing telematics sector.”
Operating design centers in Holly, Mich. and Hildesheim, Germany, RecepTec employs more than 70 people designing and integrating high-performance multi-band antenna solutions into vehicle platforms for many major OEM auto manufacturers, and aftermarket satellite radio antenna products.
“By becoming part of Laird Technologies, we now have a broader geographic footprint, more engineering resources and greater financial strength, all of which help us deliver leading-edge solutions to our customers globally,” said George Caston, founder and president of RecepTec.
About Laird Technologies, Inc.
Laird Technologies designs and supplies customized, performance-critical products for wireless and other advanced electronics applications.
The company is a global market leader in the design and supply of electromagnetic interference (EMI) shielding, thermal management products, mechanical actuation systems, signal integrity components, and wireless antennae solutions, as well as radio frequency (RF) modules and systems.
Custom products are supplied to all sectors of the electronics industry including the handset, telecommunications, data transfer and information technology, automotive, aerospace, defense, consumer, medical, and industrial markets.
Laird Technologies, a unit of Laird PLC, employs over 14,000 employees in more than 40 facilities located in 14 countries.
For additional information or your nearest Laird Technologies
representative, contact:
Tel: (866) 928-8181 or (636) 898-6000
Fax: (636) 898-6100
Internet: www.lairdtech.com
e-mail: sales@lairdtech.com
