Analysis
Laird Technologies Acquires Cattron
Laird Technologies, a global leader in the design and supply of customized, performance critical components and systems for advanced electronics wireless products, today announced its acquisition of Cattron Group International, Inc. Cattron’s sales revenues for the fiscal year ending September 30, 2010 were $53.8 million.
The Cattron’s headquarters are in Sharpsville, Pennsylvania, and they have additional facilities in North America (Toronto, Canada; Montreal, Canada; Escondido, California), Europe (Mönchengladbach, Germany; Walton-on-Thames, UK), South America (Campinas, Brazil), Africa (Johannesburg, South Africa), and Asia (Shanghai, China).
“Cattron’s leading position in the rail, mining and industrial markets that Laird Technologies does not currently serve will help us grow more broadly in these markets,” said Martin Rapp, CEO of Laird Technologies. “Their experiences and capabilities in providing broad applications software and full systems will help Laird Technologies continue to expand our offering in the large and rapidly growing M2M market.”
“Cattron is very excited to join Laird Technologies, a truly world-class company. Laird’s strength in wireless communications technologies, global operational capabilities, and access to growing international markets will help Cattron to reach the next level of providing the best in safety and productivity solutions to our customers,” said John Paul, CEO of Cattron.