M&A Deal Summary

Digi Acquires MobiApps Holdings Pvt.

On June 8, 2009, Digi acquired electrical equipment company MobiApps Holdings Pvt. for 3M USD

Acquisition Highlights
  • This is Digi’s 2nd transaction in the Electrical Equipment sector.
  • This is Digi’s 6th largest (disclosed) transaction.
  • This is Digi’s 4th transaction in the United States.
  • This is Digi’s 1st transaction in Vermont.

M&A Deal Summary
Date 2009-06-08
Target MobiApps Holdings Pvt.
Sector Electrical Equipment
Buyer(s) Digi
Deal Type Add-on Acquisition
Deal Value 3M USD

Target

MobiApps Holdings Pvt.

Austin, Vermont, United States
MobiApps Holdings Pvt. Ltd. is a provider of hybrid terrestrial and satellite technologies for commercial communications. MobiApps converges wireless communications technologies such as 802.11, GPRS, CDMA, and satellite to provide global communications capabilities at a low marginal cost – allowing its customers to deploy state-of-the-art communications products across a number of industrial applications.

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Buyer(S) 1

Buyer

Digi

Hopkins, Minnesota, United States
Category Company
Founded 1985
Sector Technology Hardware
Employees790
Revenue 445M USD (2023)
DESCRIPTION

Digi is the M2M solutions expert, combining products and services as end-to-end solutions to drive business efficiencies. The company provides a broad range of wireless products, a cloud computing platform tailored for devices, and development services to help customers get to market fast with wireless devices and applications. Its entire solution set is tailored to allow any device to communicate with any application, anywhere in the world. Digi was founded in 1985 and is based in Hopkins, Minnesota.

DEAL STATS #
Overall 7 of 17
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 7 of 17
State (Vermont) 1 of 1
Country (United States) 4 of 13
Year (2009) 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-23 Spectrum Design Solutions

Minneapolis, Minnesota, United States

Spectrum Design Solutions Inc. is a design services company with a focus on solving customer's wireless development challenges. Employing over 30 highly specialized engineers with extensive experience in wireless technologies such as GSM, CDMA, GPS, WiMAX, Wi-Fi and proprietary RF allows the organization to address virtually any wireless development need.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 Etherios

Dallas, Texas, United States

Etherios, Inc. is a professional services firm and salesforce platinum partner focused on delivering cloud-based sales excellence solutions specifically tailored for the salesforce platform.

Buy -
Mergr

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