DUBLIN--(BUSINESS WIRE)--The "Base Station Antenna Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.The global base station antenna market is anticipated to experience growth from $6.35 billion in 2022 to $7.40 billion in 2023, reflecting a compound annual growth rate (CAGR) of 1...
PCTEL has acquired Smarteq Wireless, a European supplier of antennas for vehicular, energy and Industrial IoT (IIoT) applications, from Allgon.
Smarteq Wireless, based near Stockholm, Sweden, provides antennas for smart metering, luxury vehicles, electric vehicle charging stations, industrial factory process automation, heavy construction and off-road vehicles.
The company focuses on external antennas.
Smarteq serves customers in 20 countries through offices in both Sweden and France.
"With Smarteq, PCTEL has a strong local presence, expertise and channel partners to accelerate our growth in Europe, as well as a complementary portfolio of products for our Industrial IoT and intelligent transportation customers worldwide," said PCTEL CEO, David Neumann.
PCTEL Expands Vehicular and IoT Antenna Portfolio With Acquisition of Smarteq Wireless – Consumer Electronics Net consumerelectronicsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from consumerelectronicsnet.com Daily Mail and Mail on Sunday newspapers.
PCTEL expands antenna business with Europe acquisition
Posted5/3/2021 2:38 PM
BLOOMINGDALE -- PCTEL Inc. said it has acquired Smarteq Wireless AB, a leading European supplier of antennas for vehicular, energy and industrial applications. Financial details of the transaction were not disclosed.
PCTEL acquired Smarteq from Allgon AB.
Smarteq, based near Stockholm, Sweden, provides antennas for smart metering, luxury vehicles, electric vehicle charging stations, industrial factory process automation, heavy construction and off-road vehicles.
"With Smarteq, PCTEL has a strong local presence, expertise, and channel partners to accelerate our growth in Europe, as well as a complementary portfolio of products for our Industrial IoT and intelligent transportation customers worldwide," said David Neumann, PCTEL's CEO. "We are also excited to enter new markets such as electric vehicle charging stations, where analysts predict significant growth over the next several years.