MultiTech Acquires Radio Bridge to Bring New Innovation to Market
8 June 2021 – Multi-Tech Systems, Inc., a global supplier of Internet of Things (IoT) devices, services, and solutions, today announced the acquisition of Radio Bridge. Radio Bridge, a Minnesota-based company, designs and manufactures long-range wireless sensors for the Internet of Things (IoT) industry using the LoRaWAN® wireless standard.
Thanks to the combination of Radio Bridge sensors with the industry-leading portfolio of MultiTech IoT and LoRaWAN gateways, OEMs, system integrators and solution providers will have a simplified path to develop and deploy new connected solutions.
This move will offer seamless integration based on an open architecture, and a cloud-based management console for the provision, monitoring, and configuration of sensors and gateways. This will serve to shorten time to market, simplify device management, and lower total cost of ownership throughout the life cycle of customer solutions.
“We are excited to add the Radio Bridge LoRaWAN sensor products to our portfolio and welcome the Radio Bridge team to MultiTech. Radio Bridge has an excellent reputation for rapid innovation and customer support. Together we can further simplify and improve our customers’ experience,” said Stefan Lindvall, CEO of MultiTech (above). “As a single supplier we can bring more pieces together eliminating complexity for our customers, while accelerating future development to bring new innovation to market.”
“MultiTech is a longstanding leader in LoRaWAN infrastructure, and due to the rugged reliability, intelligence and extensibility of their gateway portfolio, MultiTech has always been our first choice for LoRaWAN connectivity.” said Steve Kilts, CEO of Radio Bridge. “We are very pleased to join the MultiTech team to jointly offer the world’s most comprehensive LoRaWAN-based sensor to cloud portfolio of products.”
As a result of the acquisition, MultiTech is now able to provide a range of products and services including sensors, embedded communications devices, modems and gateways, cloud connectivity and device management services – as well as custom design and application development.
“Radio Bridge is a natural fit in our strategy to deliver end-to-end solutions that make work and life better,” said Jack Vresics, Chairman of MultiTech. “This acquisition is a strategic consolidation of smart products and services. The opportunity to expand our offerings to existing customers and bring on new adopters of IoT technology is tremendous and keeps growing as we reduce deployment friction by bringing on additional elements to our product and service portfolio.”