Laird Technologies Acquires RecepTec; Purchase Extends Antenna Product Portfolio for Telematics Applications.ST. LOUIS -- Laird Technologies, the world's leading designer and manufacturer of electromagnetic interference See EMI. (EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC. ) shielding materials, thermal management products and wireless antenna solutions, announced today it acquired all assets of RecepTec, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and all outstanding shares of RecepTec GmbH for $89.0 million. The purchase broadens Laird Technologies breadth of antenna products for telematics applications. RecepTec is the market leader in the design of antennas and related products for satellite radio reception in vehicles as well as having world class antenna products for vehicular cellular communications, vehicle navigation, AM/FM AM/FM Amplitude Modulation / Frequency Modulation AM/FM Auto-Mapping/Facilities Management radio reception and European Digital Audio Broadcasting Digital radio. It is the digital successor to analog AM and FM radio. See HD Radio and DAB. (DAB). "The quality of RecepTec's telematics business complements our growing antenna product portfolio," said Martin Rapp, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Laird Technologies. "The combination of the two companies makes Laird Technologies uniquely positioned to expand the combined businesses in the rapidly growing telematics sector." Operating design centers in Holly, Mich. and Hildesheim, Germany, RecepTec employs more than 70 people designing and integrating high-performance multi-band antenna solutions into vehicle platforms for many major OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and auto manufacturers, and aftermarket satellite radio antenna products. "By becoming part of Laird Technologies, we now have a broader geographic footprint, more engineering resources and greater financial strength, all of which help us deliver leading-edge solutions to our customers globally," said George Caston, founder and president of RecepTec. Additional information about RecepTec or Laird Technologies can be obtained by visiting www.receptec.net and www.lairdtech.com. About Laird Technologies Laird Technologies is the world's leading designer and manufacturer of electromagnetic interference (EMI) shielding materials, thermal management products, and wireless antenna solutions for the telecommunications, data communications, computer, general electronics, network equipment, aerospace, defense, automotive and medical equipment industries. For additional information or the name of your nearest Laird Technologies representative: Laird Technologies Phone 1 + (800) 843-4556, 1 + (314) 344-9300 Fax 1 + (314) 344-9333 Internet www.lairdtech.com About RecepTec RecepTec designs, manufactures and supplies integrated automotive reception systems to vehicle manufacturers, automotive system suppliers and automotive aftermarket suppliers around the world. RecepTec systems and products cater for all vehicle reception requirements, including AM/FM, TV, cell phones, GPS, DAB and SDARS SDARS Satellite Digital Audio Radio Services . |
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