Product category:
Electronics Manufacturing Services
News Release from: Jaltek Systems
Edited by the Electronicstalk Editorial
Team on 23 January 2007
Acquisition enhances RF expertise
Integrated design and manufacturing services provider Jaltek Group is to acquire Milton Keynes based Wavesight.
Integrated design and manufacturing services provider Jaltek Group is to acquire Milton Keynes based Wavesight, Europe's premier vendor in the design, manufacture and supply of ruggedised, wireless transmission solutions to support intelligent data, voice and video applications for transportation, surveillance and enterprise The acquisition confirms that Jaltek is on course with its build out of an expertise portfolio targeted to provide added value to its growing client base
This article was originally published on Electronicstalk on 12 Oct 2007 at 8.00am (UK)
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With Wavesight in the Jaltek Group, Jaltek can further expand its service offering to clients to include established world-class expertise in RF design, test and build.
In tandem, Wavesight's customer base will gain access to Jaltek's extensive, multicentred manufacturing, PCB design and software design capabilities.
As part of the Jaltek umbrella of companies, Wavesight will continue to trade under its own name and maintain its management and team structure.
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As Europe's leading innovator in the design, manufacture and supply of wireless infrastructure solutions, Wavesight has, since its inception, specialised in servicing the evolving infrastructure marketplace with an array of outdoor, ruggedised, point to point, multipoint and mobile wireless infrastructure solutions for the secure transmission of data, voice and video.
Wavesight's technology successfully serves a variety of intelligent application needs from last mile access to video surveillance to mobile access and has proven itself to be reliable with more than 3000 deployments installed across Europe, Asia and North America.
Wavesight is a highly focused, energetic business with a long heritage of technical innovation and an extensive channel community of system integrators, VARs and OEM partners.
Wavesight's blue chip international partner base includes companies such as EADS, IBM, BT, Royal Mail, IPM (Italy), Transport for London, D Systems (Greece), Dept of Homeland Security (USA) and many others.
Wavesight is a prime supplier of solutions to the UK's Serious Organised Crime Agency (SOCA), with IP-surveillance associated systems accounting for nearly 50% of revenue in 2006, a total of GBP 2.5 million.
Other market sectors where this technology has been deployed include transportation, defence, telecom and the public sector.
The company is ISO9002 accredited for its management processes, whilst all of its products meet or exceed ETSI and FCC standards for performance and compliancy.
Jaltek is a robust, profitable company, turning over in excess of GBP 10 million in 2006, a figure that has grown consistently since the company was established in 1998.
Jaltek currently operates from two sites, occupying a 1600m2 facility on the Sundon Business Park in Luton which employs 72 people, and another 400m2 facility in Wokingham which employs a further 10 people.
It is expected that this latest announcement will generate a further 10 additional job opportunities at the Luton facility.
Ronan Smith, CEO for Wavesight, summed up this acquisition: "Jaltek brings a level of investment, scale and well established specialist experience in areas that will help us to maximise revenues with our existing customers and develop new ones".
"This is an exciting time for Wavesight and the next logical step to accelerate growth".
"I look forward to taking the company forward".
Pravin Sood, CEO of Jaltek Systems, added: "Wavesight is an excellent fit for Jaltek in terms of skills and positioning".
"This acquisition means that we will expand our customer base and value added offering and give us valuable exposure to new opportunities such as the growing convergence market".
"Our 'value add value engineering' (J-VAVE) service forms a significant part of our offering".
"By applying it from the outset of any project, our clients benefit from optimised design for manufacture as well as test and procurement".
"This is extremely powerful for our customers and provides a significant differentiator for Jaltek Systems".
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