Handheld acquires TimbaTec

The Handheld Group of Sweden, a manufacturer of rugged PDAs and mobile devices, has acquired TimbaTec, a supplier of rugged mobile computers in Germany, Austria and Switzerland from Latschbacher, a supplier of computers, software and RFID tagging equipment for the forest industry, and Handheld’s existing distribution partner in Germany, Austria and Switzerland. Handheld will turn TimbaTec into two wholly owned new companies, Handheld Germany and Handheld Swiss, which both will be fully owned by Handheld Gro
March 23, 2012 Read time: 2 mins
The 758 Handheld Group of Sweden, a manufacturer of rugged PDAs and mobile devices, has acquired TimbaTec, a supplier of rugged mobile computers in Germany, Austria and Switzerland from Latschbacher, a supplier of computers, software and RFID tagging equipment for the forest industry, and Handheld’s existing distribution partner in Germany, Austria and Switzerland. Handheld will turn TimbaTec into two wholly owned new companies, Handheld Germany and Handheld Swiss, which both will be fully owned by Handheld Group. TimbaTec’s annual revenues are currently around US$4 million. The new offices in Germany and Switzerland will join the group’s existing offices in Sweden (headquarters), Finland, the Netherlands, Italy, Australia and the USA.

”This is a strategically very important acquisition for the Handheld Group”, said Jerker Hellström, CEO of Handheld Group. “The German speaking markets are the largest and most important markets for rugged mobile computers in Europe, and we believe that we can accelerate our growth in Central Europe by applying our successful and proven business and marketing models to these two new subsidiaries.”

For more information on companies in this article

Related Content

  • Cubic adds NextBus to solutions portfolio
    January 25, 2013
    Cubic Transportation Systems has broadened its portfolio of transportation solutions with the acquisition of NextBus from Webtech Wireless. The US-based integrator of payment and information technology and services for intelligent travel solutions says the acquisition also positions NextBus to accelerate its growth by leveraging Cubic's global presence and customer base. NextBus is a software-as-a-service (SaaS) solution that accurate, real-time arrival information for buses, subways and trains. The system
    Read More
  • Cubic extends German smart ticketing contract
    September 23, 2014
    Cubic Transportation Systems has successfully extended its service and maintenance contract for the eTicket back office system for one of the largest transport consulting and services companies in Germany, the Rhein-Main-Verkehrsverbund Servicegesellschaft mbH (rms). Developed by Cubic in December 2011, the area-wide multi-tenant central system (vHGS) contract extends the relationship until 2017, providing the opportunity for continuity and further development. The sales terminal in Cubic’s back office i
    Read More
  • Aptiv: we need overhaul of AV nervous system
    August 20, 2019
    Autonomous vehicles are changing a lot of things: Aptiv’s Christian Schäfer suggests that we need to look again at traditional approaches to vehicle architecture to find viable options for the future
    Read More
  • Cubic completes acquisition of Serco transport solutions
    November 27, 2013
    Serco’s transport solutions business will become a part of Cubic Transportation Systems following Cubic Corporation’s acquisition of the business for an enterprise value of US$70 million. Serco’s primarily a UK-based transport technology and services business and had revenues in the last calendar year of approximately $67 million.
    Read More

Highlighted Content