B+B SmartWorx will be led by its existing management team and will join Advantech's Industrial IoT Business Group to develop new products and integrate global sales resources. With this acquisition, Advantech will expand its industrial connectivity product portfolio and increase its global market share by leveraging B+B SmartWorx's brand and sales channels in the US, Europe, and the Middle East. "Industrial connectivity is key to the development of the Industrial IoT," said KC Liu, President of Advantech. "B+B SmartWorx has a high level of expertise in industrial connectivity for many years, and has strong teams in the US and Europe. With the acquisition of B+B SmartWorx, Advantech expects to develop its Industrial Wired Networking & Fiber Infrastructure and Industrial Wireless Connectivity Solutions product divisions, and accelerate the expansion of its Industrial IoT channel business with the goal of becoming a leader in the industrial networking sector.".

Jerry O'Gorman, CEO of B+B SmartWorx, commented on the acquisition, "B+B SmartWorx has enjoyed a long and fruitful partnership with Advantech. We are very excited to join such a powerful global leader in the industry. We share a common strategic vision for the future of the industrial IoT market. Our focus on 'edge intelligence' with our new routers and gateways, along with our Wzzard™ wireless sensor systems, is a perfect complement to Advantech's WISE platform. In addition, our channel strengths in the US and Europe complement Advantech's positioning in Asia. We look forward to serving our many customers with a broad combined offering of products and solutions.".

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