Everyone at InHand is excited to announce that we’re soon to be part of the SECO Group. The high-tech manufacturer of computer miniaturization and “ready-to-use” integrated systems is a global leader in embedded technology and IoT. The Italy based SECO Group with offices in the U.S. and Germany develops products serving healthcare, industrial automation, transportation and numerous other sectors.
The strategic acquisition brings together InHand’s skilled R&D, proven market penetration in low power, rugged single board handheld computers and wireless devices, and our tier 1 US customer base. SECO Group is a global embedded technology leader with ongoing strategic supplier collaboration with leading technology companies like AMD, NXP, NVIDIA®, Wind, and Telenor among others. The company also has a vast collaborative network of universities, research centers and innovative start-ups.
Our acquisition by the SECO Group marks a major step forward for both companies with our obvious complementary business, markets, and technology aspects. Equally important are the Unique strengths that each of us brings to the table. Together, SECO Group with InHand will be positioned to grow a combined US market share and the global market across military/defense, industrial, medical, transportation, infotainment and field operations equipment markets.
Massimo Mauri, Executive Vice President at SECO Group and Mark Price, President and Co-Founder at InHand Electronics Issued Joint statements praising the acquisition and the enormous possibilities for the future.
SECO Group acquires 100% of InHand Electronics. SECO, with a shareholder FII Tech Growth fund backed by Cassa Depositi e Prestiti. We expect finalization of the acquisition once the Committee on Foreign Investment in The United States (CFIUS) filing approval is received. To read more about SECO group, visit www.seco.com and to read the press release announcement of the acquisition, follow this link.