M&A Deal Summary

Digi Acquires Spectrum Design Solutions

On July 23, 2008, Digi acquired electrical equipment company Spectrum Design Solutions

Acquisition Highlights
  • This is Digi’s 1st transaction in the Electrical Equipment sector.
  • This is Digi’s 3rd transaction in the United States.
  • This is Digi’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2008-07-23
Target Spectrum Design Solutions
Sector Electrical Equipment
Buyer(s) Digi
Deal Type Add-on Acquisition

Target

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.

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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 6 of 17
Sector (Electrical Equipment) 1 of 2
Type (Add-on Acquisition) 6 of 17
State (Minnesota) 1 of 1
Country (United States) 3 of 13
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-28 Sarian Systems

Ilkley, United Kingdom

Sarian Systems Ltd. is a manufacturer of wired and wireless communications devices for the mission critical applications.

Buy $33M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-08 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.

Buy $3M
Mergr

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