Comprehensive IoT product portfolio from a single source
Würth Elektronik eiSos acquires IQD Frequency Products, one of the leading manufacturers of frequency control devices
The Background The development of the Internet of Things through connection of all devices is on a continuous growth path. The increasing miniaturisation of consumer products and therefore also of microprocessors constantly poses new challenges to the manufacturers of electronic components. Moreover, in a connected world these components must fulfil the highest requirements in terms of performance, stability and interference-free connections. Manufacturers of these components therefore need to be highly innovative in order to offer small, but powerful products.
The Deal The acquisition of IQD Frequency Products (Crewkerne/Great Britain) by Würth Elektronik eiSos (Waldenburg/Germany) in November 2017 combines now two partners, who are both exemplary for innovation and highest product quality. IEG – Investment Banking Group acted as M&A Advisor for Würth.
The Partners Würth Elektronik eiSos (which is short for “EMC & Inductive Solutions”) produces electronic and electromechanical components. “There is virtually no electronic device in Europe that does not house one of our components”, explains Oliver Konz, one of the CEOs of Würth Elektronik eiSos. IQD Frequency Products Ltd. is a leading manufacturer of frequency control devices such as quartz crystals and oscillators with headquarters in Crewkerne/Great Britain.
The Perspective “In our eyes, Würth Elektronik eiSos is the ideal partner for us since we are both on the same wavelength; the customer comes first! Both companies stand for customer service, support and the highest possible quality. Supported by Würth Elektronik eiSos’ global sales strength, IQD will be able to continue its growth whilst at the same time expanding its range of innovative product solutions”, says Paul Fear, former Managing Director of IQD Frequency Products Ltd. Oliver Konz, CEO of Würth Elektronik eiSos Group adds: “With IQD our group has now acquired a highly innovative company with cutting-edge technologies and component solutions which are a logical extension of the product range we offer. We are particularly pleased that we are now able to offer valuable extensions for IoT, WiFi, GPS and 5G applications”.