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M&A Deal Summary

Digi Acquires SMART Temps

On January 9, 2017, Digi acquired technology hardware company SMART Temps

Acquisition Highlights
  • This is Digi’s 2nd transaction in the Technology Hardware sector.
  • This is Digi’s 7th transaction in the United States.
  • This is Digi’s 1st transaction in Indiana.

M&A Deal Summary
Date 2017-01-09
Target SMART Temps
Sector Technology Hardware
Buyer(s) Digi
Deal Type Add-on Acquisition

Target

SMART Temps

Mishawaka, Indiana, United States
SMART Temps LLC is a provider of real-time foodservice temperature management for restaurant, grocery, education and hospital settings as well as real-time temperature management for pharmacy, blood bank and laboratory environments.

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Buyer(S) 1

Buyer

Digi

Hopkins, Minnesota, United States
Category Company
Founded 1985
Sector Technology Hardware
Employees805
Revenue 424M USD (2024)
DESCRIPTION

Digi is an 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 11 of 18
Sector: Technology Hardware M&A 2 of 5
Type: Add-on Acquisition M&A Deals 11 of 18
State: Indiana M&A 1 of 1
Country: United States M&A 7 of 14
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-02 FreshTemp

Pittsburgh, Pennsylvania, United States

FreshTemp is a provider of temperature monitoring and task management solutions for the food industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 TempAlert

Boston, Massachusetts, United States

TempAlert is a provider of automated, real-time temperature monitoring and task management solutions for the healthcare, industrial and foodservice industries. TempAlert was founded in 2005 and is based n Boston, Massachusetts.

Buy $45M
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