Ascom Wireless Solutions acquires Malaysian distributor Scanditronic. This acquisition enhances Ascom's presence in South East Asia.
Scanditronic is a privately held specialist provider of wireless end-to-end communication solutions for increased workflow efficiency. The company currently operates as the distributor of Ascom Wireless Solutions products in Malaysia and the South East Asia region, with a customer base in Healthcare, Retail, Hospitality and Shipping. Scanditronic has its domicile and office in Kuala Lumpur, and all eight of the company's employees will join Ascom.
Hans Krister Tysk, Manager of Scanditronic, will continue to oversee the new Ascom subsidiary. In 2013, Scanditronic reported revenue of CHF 1.35 million.
The purchase price of the acquisition amounts to around CHF 1 million. The transaction is expected to be completed on August 1, 2014.
Claes Ödman, General Manager of the Wireless Solutions division said the following as regards the purchase: "This acquisition is in line with Ascom's strategy to establish a greater foothold in growth markets and gives us direct access to the Malaysian market and the South East Asian region."
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