Northlane Capital Partners‘ portfolio company, Multi-Tech Systems Inc., a global supplier of Internet of Things devices, services, and solutions, acquired Radio Bridge Inc., a Minnesota-based designer and manufacturer of long-range wireless sensors for the IoT industry. This marks MultiTech’s second add-on within the past nine months.
“We are excited to add the Radio Bridge LoRaWAN sensor products to our portfolio and welcome the Radio Bridge team to MultiTech,” said Stefan Lindvall, CEO of MultiTech. “Radio Bridge has an excellent reputation for rapid innovation and customer support. Together we can further simplify and improve our customers’ experience. As a single supplier we can bring more pieces together eliminating complexity for our customers, while accelerating future development to bring new innovation to market.”
“MultiTech is a longstanding leader in LoRaWAN infrastructure, and due to the rugged reliability, intelligence and extensibility of their gateway portfolio, MultiTech has always been our first choice for LoRaWAN connectivity,” said Steve Kilts, CEO of Radio Bridge. “We are very pleased to join the MultiTech team to jointly offer the world’s most comprehensive LoRaWAN-based sensor to cloud portfolio of products.”
David Steinglass, Partner at NCP, noted, “With the addition of Radio Bridge to the MultiTech platform, we believe MultiTech has further established itself as a unique supplier of integrated connectivity solutions. These solutions include sensors, embedded communications devices, modems and gateways, cloud connectivity, and device management services. In addition, the company has enhanced its capabilities in the areas of custom design and application development.”