Industrial networking company acquired

Advantech announced that it entered into an agreement, to acquire B+B SmartWorx Inc., a privately-held company based in Ottawa, Ill., for $99.85 million as they look to enhance their business reach in the U.S., Europe, and the Middle East.

11/18/2015


Advantech announced that it entered into an agreement, subject to customary closing conditions, to acquire B+B SmartWorx Inc., a privately-held company based in Ottawa, Ill., for $99.85 million. With this acquisition, Advantech plans to expand its Industrial Connectivity product portfolio and increase its global market share as well as accelerate their Industrial Internet of Things (IIoT) channel. They plan to do this by leveraging B+B SmartWorx' branding and sales channels in the U.S., Europe, and the Middle East. B+B SmartWorx will be led by their current management team and will develop new products and integrate global sales resources with Advantech's Industrial IoT Business Group. The transaction is expected to close in early 2016.

Advantech

www.advantech.com 

B+B Smartworx

www.bb-smartworx.com 

- Edited by CFE Media. See more Control Engineering industrial networking stories.



No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Motor specification guidelines; Understanding multivariable control; Improving a safety instrumented system; 2017 Engineers' Choice Award Winners
Selecting the best controller from several viewpoints; System integrator advice for the IIoT; TSN and real-time Ethernet; Questions to ask when selecting a VFD; Action items for an aging PLC/DCS
Robot advances in connectivity, collaboration, and programming; Advanced process control; Industrial wireless developments; Multiplatform system integration
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
click me