Comlab will be fully integrated into Kontron Transportation, which aims to strengthen its presence in the rail market with this acquisition. Comlab has its own product portfolio, robust engineering capabilities, and a presence in the Swiss, German, and Chinese markets, where Kontron Transportation seeks to expand its reach. Comlab's products play a vital role in mission-critical networks by amplifying and repeating signals.
Comlab has been developing radio frequency solutions since 1971 and is a leader in digital communication systems for railways. The company has over 110 employees in Switzerland, Germany, and China, with projected revenues of €25 million and net profit of €2 million by 2024.
“With the acquisition of Comlab, we will enhance our product portfolio and engineering capabilities. Comlab’s presence and expertise in Switzerland will be crucial for our market entry and growth in this important region, especially given its rail, secondary line, and public transport infrastructure,” says Bernd Eder, CEO of Kontron Transportation.
“Our successful mergers and acquisitions strategy is essential to driving our growth plans in the dynamic IoT space. I am delighted to announce our second promising acquisition in 2023 with Comlab,” says Hannes Niederhauser, CEO of Kontron AG.
