Würth Elektronik eiSos acquires wireless specialists, Amber Wireless
The Background The Internet of Things is growing. With every new smart thermostat, refrigerator, blood pressure measuring device, item of clothing and car, the global requirement for electronic components that function in a precise and reliable manner and send their data into the environment without interference continues to grow. By 2020, 25 billion devices and machines will be able to communicate with one another, according to an estimate by the Gartner Group.
The Deal The acquisition of Amber Wireless (Trier) by Würth Elektronik eiSos (Waldenburg) in August 2016 united two partners, whose products and solutions are valued by customers in many different areas of industry. IEG Banking provided advice to the buyer as an M&A Advisor.
The Partners Würth Elektronik eiSos (which is short for “EMC & Inductive Solutions”) produces technical connection 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. Since it was founded in 1998, Amber Wireless has developed to become a B2B supplier for wireless data transmission.
The Prospects “Würth Elektronik eiSos offers us the support we need to develop our global presence”, explains Heinz Brych, founder and Managing Director of Amber Wireless. Oliver Konz and Thomas Schrott of Würth Elektronik eiSos also add: “Amber Wireless is a windfall for us. The expertise and the products that our new colleagues bring with them, will support the growth of Würth Elektronik eiSos in a strategically crucial segment.”