|By Business Wire||
|June 6, 2014 03:00 AM EDT||
Maestro Wireless Solutions Limited (“Maestro”), a global provider of machine-to-machine (“M2M”) and Internet of Things (“IoT”) solutions, today finalised the acquisition of the assets of Falcom Wireless Communications GmbH, a renowned provider of tracking solutions. The said assets are being injected into the newly established FALCOM GmbH (“FALCOM”), of which Maestro detains a majority stake whereas its management, consisting of Messrs Holger Liebold, Stephan Orlamünder, Guido Voigt and Rudy Alix, holds the balance.
Said Holger Liebold, managing director of FALCOM: “We are very pleased to emerge with all our forces intact from a challenging chapter of our 23-year history: indeed, the insolvency of our previous parent company has caused our clients, suppliers and obviously ourselves some complications and we are very keen now on restoring FALCOM to its former glory with the full support of Maestro, be it financial, marketing or geographical, Maestro being already present in six other countries over three continents.”
Xavier Dupont, chief executive officer of Fargo Telecom Holdings Limited, of which Maestro is a fully-owned subsidiary, added: “We are extremely pleased to add FALCOM to our growing stable of IoT companies; beyond its sizeable business, its comprehensive portfolio of beautifully crafted products and services, its substantial footprint in the heart of Europe and, last but not least, its seasoned management, FALCOM also brings us a world-class R&D team with unparalleled experience in telematics and an historic, powerful, brand; the synergies between the parties are truly striking and we look forward to a bright future together.”
A storied M2M specialist from Germany, FALCOM now designs, manufactures and sells world-wide state-of-the-art trackers. Their value, enhanced further by innovative software offerings, helped establish FALCOM as a leading provider of end-to-end tracking and telematics solutions.
About Maestro Wireless Solutions
Maestro Wireless Solutions, an M2M and IoT specialist, is a fully-owned subsidiary of Fargo Telecom Holdings, itself a majority-owned subsidiary of Hong Kong publicly listed Telefield International (Holdings). With a local presence in China, Thailand, India, France, Brazil and the USA, Maestro has a global reach through its comprehensive network of distributors and partners; so far, over 400,000 Maestro modems have been deployed in more than forty countries.