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$30.5m US deal for leading Yorkshire electronic specialist - 03/06/2008
Yorkshire electronic communications specialist Sarian Systems Ltd has been acquired in a cash deal worth $30.5m by US firm Digi International Inc.
Sarian – a leader in the European wireless router market – generates sales across 40 countries. It produces IP router devices for use with applications such as ATMs and lottery terminals. Blue chip customers include American Express, Travelex and BP Oil as well as major telecommunications and ATM operators. Sarian products are used in more than 75% of UK petrol stations and the firm is the preferred supplier to companies operating 80% of the worldwide lottery market.
Following the acquisition, Sarian will operate as a subsidiary of Digi International, retaining its management team and headquarters in Ilkley, Yorkshire. Digi International’s global presence will enable Sarian to reach new markets in North America, South America and Asia-Pacific.
Andy Hood, managing and technical director of Sarian said: “With the great cultural and technical fit we see Digi as the ideal partner to take the fast growing business that we have in Europe, Scandinavia and Southern Africa into many other geographic regions.”
Joe Dunsmore, chairman, president and CEO of Digi – which is headquartered in Minnetonka, Minnesota, and has offices worldwide – said: “We’re acquiring a high-growth, profitable wireless business that can be expanded from Europe into other parts of the world.
“With Sarian’s strong European engineering and sales presence, we’re immediately increasing the international content and capabilities of our business."
