Manufacturer buys M2M firm to target IoT business
Stadium Group has acquired a manufacturer which specialises in M2M wireless devices for use over cellular networks.
The Cheshire-based company, United Wireless operates in the automotive and telematics sectors. It employs 40 people.
Stadium said it has a strategy to add complementary products, design capability and global supply chain management.
Stadium already provdies PCB assembly and box build, power supplies, battery chargers and back‐up supplies, intelligent interface and display systems.
M2M is seen as a high growth market by the UK-based manufacturer.
“Global demand for M2M wireless devices is forecast to expand at a 24% compound annual growth rate over the next 5 years, with the number of cellular M2M device subscribers to rise to 490 million by 2018. This acquisition adds a new dimension to our product portfolio, complements our existing group companies and will allow us to engage with the rapid development of the Internet of Things,” said Charlie Peppiatt, CEO of Stadium.
“Our strategy will be achieved by expanding our offering in products and technologies that complement the existing iEMS, Power Products and Interface & Displays businesses, offering ‘adjacent products’ to widen the business opportunity with each individual customer. A key fourth cornerstone to this strategy has been a focus to expand into the M2M wireless devices space where there is a huge growth potential.”
United will trade under the new name of Stadium United Wireless.
Tags: iot, manufacturing, wireless