Aquin’s Post

Aquin advises the discoverIE Group plc on the acquisition of Diamond Technologies by Beacon EmbeddedWorks. Effective May 3, 2024, Beacon EmbeddedWorks, a discoverIE Group company, announced the acquisition of Diamond Technologies (DTI), expanding its cluster of US-based embedded technology companies. The transaction logic is to combine Beacon's innovative SoM development with DTI's engineering expertise in data collection, automation, and industrial communications. Together, Beacon and DTI will share the mission to create advanced embedded products and solutions for regulated and industrial customers, while accelerating the development of new and innovative products for the market. discoverIE, based in the UK, is an international group of businesses that designs, manufactures, and supplies highly differentiated, innovative electronic components and solutions for industrial OEMs. Its subsidiary, Beacon EmbeddedWorks, located in Eden Prairie, Minnesota (USA), is a full-service provider of embedded products. Diamond Technologies, based in Hudson, Massachusetts (USA), specializes in customized designs and engineering solutions for data collection, automation, and industrial communications. Read more on the transaction here: https://lnkd.in/g-V5fVa2 #Transaction #MandA #MergersAndAcquisitions #Embedded #Automation

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