Siemens is set to acquire RuggedCom, a provider of communications and networking solutions for harsh industrial environments.
Headquartered in Ontario, Canada, RuggedCom is a provider of robust, industrial-quality Ethernet communication products and network solutions.
These products are used primarily under rough environmental conditions – for example, in power distribution, in refineries, or in traffic control systems.
Siemens’ portfolio of industrial Ethernet networking components is enjoying above-average growth rates compared to the competition. Until now, the main emphasis of Siemens’ installed base in this segment has been in Europe.
"RuggedCom’s portfolio would be an ideal addition to our range of industrial Ethernet communication products, improving our industrial-quality router and switch offering. In addition, the acquisition would improve our footprint in the North America and the Asia-Pacific region," said Anton S. Huber, CEO of the Siemens Industry Automation Division.
Huber also indicated that all of RuggedCom’s and Siemens’ product lines would be developed further in the next few years.
[Image courtesy RuggedCom.]