M&A Deal Summary

Multi-Tech Systems Acquires Multi Tech Systems

On November 9, 2020, Multi-Tech Systems acquired technology hardware company Multi Tech Systems

Acquisition Highlights
  • This is Multi-Tech Systems’ 1st transaction in the Technology Hardware sector.
  • This is Multi-Tech Systems’ 1st transaction in the United States.
  • This is Multi-Tech Systems’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2020-11-09
Target Multi Tech Systems
Sector Technology Hardware
Buyer(s) Multi-Tech Systems
Deal Type Add-on Acquisition

Target

Multi Tech Systems

Mounds View, Minnesota, United States
Multi Tech Systems, Inc. designs, develops and manufactures communications equipment for the industrial internet of things – connecting physical assets to business processes to deliver enhanced value. Multi Tech Systems is based in Mounds View, Minnesota.

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Buyer(S) 1

Buyer

Multi-Tech Systems

Toronto, Ontario, Canada
Category Company
Founded 1994
Sector Technology Hardware
DESCRIPTION

MultiTech designs, develops and manufactures components, devices and end-to-end solutions for the industrial and commercial Internet of Things. Offerings include first-to-market innovations in low power, wireless access and broadband, low-latency communication technologies, machine protocols, integrated sensors and mobile applications which enable monitoring and management of smart assets, durables and industrial consumables. Multi-Tech Systems was founded in 1994 and is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Mergr

Product

Company

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