BARTEC and Extronics agree on acquisition
07 September 2023
BARTEC has announced that it will acquire the British IIoT specialist Extronics. The company is a global developer and manufacturer of connectivity and IIoT infrastructure as well as asset and people tracking systems for hazardous areas.
“The acquisition of Extronics is the consequent next step for BARTEC to evolve into the world’s leading provider of digital infrastructure and equipment for hazardous areas. The combined portfolio will now be the most comprehensive in the market and allows our customers to implement industrial IIoT networks and mobile devices. I look forward to the integration of the new employees, which we welcome to BARTEC with their very special know-how," explains Dr. Martin U. Schefter, CEO BARTEC.
Image (left-right): BARTEC Head of ESS Business Unit Jan Kirschner, Managing Director Extronics John Hardley, BARTEC CEO Dr. Martin U. Schefter and BARTEC Corporate Development and M&A Manager Janis Wagner
Founded in 1992 by John Hartley, Extronics currently employs 42 people. Over the last decades, Extronics has evolved into a leading developer of digital infrastructure and asset and people tracking solutions.
“The demand for connectivity infrastructure and visibility of personnel and assets is rising at a fast pace in the hazardous area process industries. For our company and our employees, the integration into BARTEC is the next logical step for our business. With their global footprint and expertise, BARTEC is the ideal partner for us to scale up and ensure we meet the current and upcoming requirements and demands of our customers. Together, we will be even stronger and will remain innovation leaders and technology pioneers”, says John Hartley, Managing Director Extronics.
The contract of sale was signed on 5 September 2023. The closing is subject to the fulfillment of certain conditions.
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