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PCTEL acquires Smarteq Wireless

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.

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PCTEL expands antenna business with Europe acquisition

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.

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PCTEL Expands Vehicular and IoT Antenna Portfolio With Acquisition of Smarteq Wireless – Consumer Electronics Net

PCTEL Expands Vehicular and IoT Antenna Portfolio With Acquisition of Smarteq Wireless – Consumer Electronics Net
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