Allgon divests Smarteq to PCTEL

Stock market
Smarteq avyttras till PCTEL

As part of its strategy to streamline operations towards radio control, Allgon has divested the antenna company Smarteq Wireless AB. The buyer is the American antenna company PCTEL. “It is with great pleasure that I can state that Smarteq has an owner who can take advantage of its unique expertise and that Allgon has reached the goal of our refinement plan,” says Johan Hårdén, CEO of Allgon.

Smarteq is the last company that does not connect to the radio control business and is now leaving the group.

“Over the past two years, Allgon has greatly streamlined its operations. Four niche subsidiaries have now left the group. All to strengthen Allgon’s core business – industrial radio control “, continues Johan Hårdén.

Smarteq is divested to PCTEL, a leading global provider of wireless technology, including custom-built industrial IoT devices, antenna systems, test and measurement solutions headquartered outside Chicago, Illinois.

“With Smarteq, PCTEL has a strong local presence, expertise, and channel partners to accelerate our growth in Europe, as well as a complementary portfolio of products for our Industrial IoT and intelligent transportation customers worldwide,” said David Neumann, PCTEL’s CEO. “We are also excited to enter new markets such as electric vehicle charging stations, where analysts predict significant growth over the next several years,” added Neumann.

During the past year, Allgon has opened sales offices for the core business of industrial radio control in India, the USA, and Germany. In 2021, the ambition is to continue the geographical expansion.

“The pandemic initially slowed the pace somewhat, but the ambition remained for increased growth at all times. 2021 has started strongly with several months of sales records, and we need to continue to grow to be able to meet customers’ demand for safe industrial radio control,” concludes Johan Hårdén.

For more information contact:
Johan Hårdén, CEO Allgon
073-385 92 19