Product category:
Industrial Ethernet systems
News Release from: Westermo Data Communications
Edited by the Processingtalk Editorial
Team on 20 June 2005
Scandinavian Ontime Networks acquired
Westermo, the market leading industrial data communication company, with representatives in over 30 countries, has acquired the majority of the Swedish-Norwegian company Ontime Networks
Westermo, the market leading industrial data communication company, with representatives in over 30 countries, has acquired the majority of the Swedish-Norwegian company Ontime Networks Ontime Networks, which is headquartered in Oslo, was established in 2000 and has in that short time developed and marketed a very high quality range of industrial Ethernet products
This article was originally published on Processingtalk on 29 May 2003 at 8.00am (UK)
Related stories
Wireless gateways link field and bus securely
Data encryption protects against espionage and hacking; web page facility provides 'SCADA for free'
RS485 products now handle high voltages
Enhanced repeater/isolators and converters are launched for RS485 applications: a bus technique that is the basis for most of the industrial communications systems installed over the last 20 years
Ontime Networks has employees both in Norway and in Sweden.
Sweden has hosted the development department whilst sales, marketing and administration has been located in Norway.
"The acquisition of Ontime is a move of great strategic importance to Westermo.
There is a well-established co-operation already between the two Companies.
Westermo has been the major distribution channel for Ontime from the early days of the company", says Thomas Andersson the General Manager of the Westermo group.
"Westermo is the perfect partner for us", says Oyvind Holmeide the General Manager for Ontime Networks.
"Westermo is a well-established company in many countries and has a mature marketing structure".
The merger of the two Companies now means that the Westermo group has a more complete range of industrial data communication products from serial converters to Ethernet switches with integrated timeservers.
Ethernet is the fastest growing sector of the industrial data communication market with many competing companies from Europe, USA and Asia.
"Westermo has a very long history and a well-known name in the industrial data communications market.
The Ontime brand will strengthen our position in this market and we are convinced that we will dramatically increase our sales in the industrial Ethernet sector" agreed Thomas Andersson and Oyvind Holmeide.
• Westermo Data Communications: contact details and other news
• Email this article to a colleague
• Register for the free Processingtalk email newsletter
• Processingtalk Home Page
Search the Pro-Talk network of sites
