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Stockholm, February 8th, 2019 - The Board of Directors of the Nasdaq First North-listed H&D Wireless AB, has decided to actively increase the sales efforts of its own products in Sweden by implementing an acquisition strategy. This aims to ensure increased resources for the marketing, sales, distribution and support of their own products to end customers.
H&D Wireless intends to acquire companies active in the sale and installation of IT and automation solutions in the manufacturing and construction industry. Advisors have been engaged in order to find suitable acquisition candidates according to H&D Wireless criteria. The goal is to complete a first acquisition during the spring of 2019.
H&D Wireless has since the company started, developed products that digitize, visualize and increase the efficiency of the industry based on radio communication. So far, it is mainly network and cloud connections that have been requested, but the possibility to provide complete system solutions for real-time information of business processes in the form of cloud services, is calculated by everyone in the industry to soon receive a significantly larger part of the market with a higher value for the customer and shorter installation time.
In a first step, H&D Wireless will focus on the Swedish market but plans for other markets in the future where the company follows its customers when rolling out the services in factories worldwide. H&D Wireless could gradually increase its sales organically, but in the current market situation with strong growth for cloud services and investments within Industry 4.0 and Smart Factories, we believe that acquisitions can provide the opportunity for more parallel projects and increased value for H&D Wireless and its shareholders.
CEO Pär Bergsten in a comment:
- So far, we have been a pure radio communications provider in the Swedish IoT market. In order to speed up the shift to future cloud services, we now choose to acquire companies with a business where our products receive a direct channel and support to the market. It can be both installers, resellers, and IT companies. We look forward to adding expertise, driven entrepreneurs and sales channels for increased growth and enabling the vision of becoming the market leader in RTLS in the Nordic region.
This information is such information that H&D Wireless AB is required to publish under the EU market abuse regulation. The information was provided by below contact person, for publication 08:15 CET February 8, 2019.
For further information, please contact:
H&D Wireless AB
Pär Bergsten, CEO.
Tel: +46-708-274 557 /+46-8-551 18 460
Email: investors@hd-wireless.se or sales@hd-wireless.se Web: www.hd-wireless.com
About H&D Wireless:
H&D Wireless is a Swedish provider of Internet and Things technology and services (IoT) and Real-time positioning (RTLS + GPS) with Griffin cloud platforms and GEPS. H & D Wireless was founded in 2009 with over 1 million wireless products delivered so far for IoT and M2M solutions worldwide. The company develops and delivers solutions that digitize and visualize physical processes, identifying, among other things, the handling of materials, tools and machines with its proprietary GEPS™ (Griffin Enterprise Positioning Service) solution. H&D Wireless shares are listed on Nasdaq First North in Stockholm since December 2017 with FNCA Sweden AB, +46(0)8-528 00 399 info@fnca.se, as Certified Advisor. www.fnca.seFNCA +46(0)8-528 00 399 info@fnca.se
Stockholm, November 25th, 2020 - H&D Wireless has joined PI Sweden (se.profibus.com) and is amongst the first in Scandinavia with particular interest in Omlox (omlox.com) to accelerate the adoption of position location and digitalization for smart factories.
Stockholm, November 5th, 2019 - Nasdaq First North Growth Market Listed H&D Wireless AB, has entered into a 12-month agreement with Scania for deployment and testing of its real-time location services (RTLS) system, GEPS® (Griffin Enterprise Positioning Services) at one of its main manufacturing facilities. Since June 2017, H&D Wireless has installed GEPS pilot at Scania's Smart Factory where new systems for digitizing factory operations are evaluated. The collaboration is now entering the next phase where H&D Wireless will install GEPS for Industry in Scania's transmission factories in Södertälje, Sweden.
Nasdaq First North Growth Market listed H & D Wireless AB, has entered into a 12-month agreement with Scania for IoT services. Since June 2017, H & D Wireless has pilot installations at Scania Smart Factory, where new systems for factory digitization are evaluated. Now the collaboration advances into a new phase where H & D Wireless will deliver Raven IoT Sensor BOX827 solution as a product with associated NB-IoT cellular service to Scania's factory in Södertälje.
Nasdaq First North listed H&D Wireless AB, has previously announced the agreement from Keolis, a major bus and transport company to streamline operations at its bus depots. H&D Wireless has now successfully completed the installation of GEPS® for Yard Management, using its real-time positioning solution (RTLS), at the Hornsberg and Bromma depots in Stockholm. Now Keolis has approved the delivery for GEPS®, launching the start of commercial operations.
Stockholm, April 3rd, 2019 - H&D Wireless, Sweden's leading supplier of IoT modules and IoT+ RTLS Cloud platforms enters into distribution agreement and receives initial stocking order from Transfer Multisort Elektronik Ltd (TME) on high performance, dual mode Wi-Fi + Bluetooth modules and Evaluation boards. Order value is USD 10K.
Stockholm, February 8th, 2019 - The Board of Directors of the Nasdaq First North-listed H&D Wireless AB, has decided to actively increase the sales efforts of its own products in Sweden by implementing an acquisition strategy. This aims to ensure increased resources for the marketing, sales, distribution and support of their own products to end customers.
Stockholm, January 14th, 2019, Nasdaq First North - listed H&D Wireless AB has been selected as an IoT partner in a European research consortium that aims to greatly reduce the disease of osteoarthritis. H&D Wireless will contribute with the Internet of things (IoT) solution based on the company's proprietary Griffin ® IoT Cloud platform. The agreement is worth SEK 5.5 million for H&D Wireless, half of which is paid at the start of the project in Q1 2019. The project is fully financed by the EU.
- Keolis invest in IoT technology for efficiency of bus depot - order value 1.2 MSEK
Stockholm 17th December 2018 - Nasdaq First North Listed H&D Wireless AB has received an order from Keolis. The bus and transport company will install H&D Wireless IoT system solution GEPS™ Yard Manager in the Hornsberg and Bromma depots. This is to streamline its flow and facilitate planning of maintenance, repair and save work time for staff. The initial order has a value of 1.2 MSEK.
[Stockholm, Sweden 29th October, 2018] H&D Wireless, Swedish leading supplier of IoT connectivity and IoT Cloud and RTLS Platform solutions, receives first volume order from Macnica on SPB228 WiFi/BT module with a market value of 47 KUSD. H&D Wireless and its Business Unit Connectivity have a collaboration agreement with Macnica for distribution of HDW wireless modules for the European IoT market and it will be used in Mobility assistance.
Stockholm, October 2nd, 2018 - H&D Wireless extends its partnership with Scania through an additional installation of the GEPS indoor positioning system for Scania's Smart Factory Lab concept in Södertälje. This order means that H&D Wireless can demonstrate additional services in its concept of flow and workflow directly in the Smart Factory Lab facility.
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