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

  • Sensor Line joins IRD in €3.8m deal
    January 5, 2021
    German ITS firm will be integrated into Quarterhill subsidiary's existing set-up
    Read More
  • Sensys Networks lands $8.5 million in funding
    March 2, 2012
    Sensys Networks, a leading provider of integrated wireless traffic data systems for smart cities, has raised US$8.5 million in a new round of funding led by Siemens Venture Capital (SVC) with participation from existing investors Fuse Capital, Horizon Ventures, Voyager Capital and Gruener Ventures. SVC’s Michael Sears will also join the board of Sensys Networks. Describing the funding as an important milestone for the company, Dr. Amine Haoui, CEO of Sensys Networks, said, “This capital will allow Sensys Ne
    Read More
  • Ertico coordinates big data debate
    November 2, 2016
    David Crawford finds that agreeing a common data standard for auto manufacturers’ onboard sensors, navigation system companies and map makers is proving a complex task.
    Read More
  • Inrix seeks to acquire ITIS Holdings
    January 27, 2012
    Inrix, the international provider of real-time traffic information and connected driving services, has made an offer to acquire ITIS Holdings for US$59 million.
    Read More

Highlighted Content