Siemens Wireless Modules becomes independent firm: Cinterion Wireless Modules
22 July 2008
Cinterion Wireless Modules is the new company that emerged from Siemens' Wireless Modules (WM) business. The successful Siemens division, which specialises in producing wireless communications modules for use in the M2M (machine-to-machine) sector, was taken over by a group of investors led by the private equity firm Granville Baird as of June 1, 2008 as part of a buyout.
Supported by its new industry-experienced owners, including the T-Mobile Venture Fund and the management, Cinterion Wireless Modules will continue the successful growth strategy. The new company will drive its differentiators of innovation, high quality, reliability, and direct global customer touch. Cinterion Wireless Modules will expand its current position in the M2M market even further. The enterprise will be focusing further on new vertical and regional markets, on launching new technologies in the 3.5G and 4G arena, and on intensifying its solutions business, known as M2M One.
Cinterion Wireless Modules has taken on the entire management team and over 400 employees. The new company's headquarters is located in Munich, Germany, while its team of developers will continue to be based in Berlin and Wroclaw, Poland.
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