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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. The head quarter of
OnTime Networks is located in Oslo, Norway.
OnTime Networks was founded in 2000 and the
company is already established as the technology leader in the
industrial Ethernet market with a wide and high quality range of
industrial Ethernet products.
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“The acquisition of OnTime is a move of great strategic
importance to Westermo. There is already a well-established
co-operation 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 Øyvind Holmeide the General
Manager and founder of OnTime Network. “Westermo is a
well-established company in many countries and has a mature
marketing structure”
The merge of the two Companies
means that the Westermo group has a wider range of industrial
data communication products, ranging from serial converters to
Ethernet switches with integrated time servers.
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 Westermo brand and the OnTime
technology will strengthen our position in this market and we
are convinced that we will dramatically increase our sales in
the industrial Ethernet sector” says Thomas Andersson.
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