Seco Spa reported Monday that adjusted net income in the first nine months of the year rose to EUR16.2 million from EUR15.0 million a year earlier. The adjusted figure excludes the effects of.
With this acquisition, Seco is further expanding its expertise in the field of IoT and embedded systems. Hereby, the group intends to further strengthen its position in Europe and globally. As recently in 2019 and 2020, Garz & Fricke had acquired the companies e-GITS and Keith & Koep.
Italian high-tech group SECO said on Monday it had entered a binding agreement to buy German Internet of Things (IoT) solutions producer Garz & Fricke for 180 million euros ($208 million).