Allgon AB has signed an agreement to acquire Wireless System Integration Sweden AB, a fast-growing company within IoT (Internet of Things). In connection with this, the Allgon group also creates a new business area for industrial IoT where additional potential acquirements can be added in the future. Wireless System Integration Sweden AB (WSI) is a design house developing wireless products and systems. The company has in recent years experienced a strong growth and influx of new customers. Before the summer, WSI was chosen as partner for development and manufacturing of products to American Nvidia, one of the largest companies for graphics processors used for artificial intelligence, deep learning and virtual reality. WSI, based in Kista, Stockholm, currently has 20 employees. In 2015, WSI had a turnover of SEK 32 million with an operating profit of SEK 2,4 million while the turnover of 2016 is estimated to an amount of approximately SEK 45 million with an operating profit of SEK 4,5 million. Allgon makes the acquisition, which is planned to be completed in the fourth quarter of this year, through buying shares of WSI from the four current owners at a price equivalent to SEK 41 million. The purchase price will be paid partly in cash of SEK 25 million, partly by a promissory note of SEK 11 million as well as a directed share issue of SEK 5 million. - Through this acquisition, we are putting the first piece of the puzzle in establishing a new business area, Industrial IoT. WSI has an exciting business that complements the offers from other companies within our group. We have followed WSI for some time and are impressed by their success journey. We are looking forward to working with the founders and their team to develop the business further, says Johan Hårdén, CEO of Allgon AB. - We can see that our major international customers as well as the smaller clients become more and more dependent on collaborations with flexible specialized companies to keep up with the ongoing global digitalization. WSI has a sound knowledge and an extensive experience in offering clients a full responsibility in the process from idea to final product within IoT, Virtual Reality and advanced radio solutions. This agreement with Allgon puts WSI into a larger context in which we can get further exchange on our continuous expansion and growth, says Jan-Åke Lindqvist, CEO of Wireless System Integration Sweden AB. WSI has, based on turn-key costumer offering, a strong growth within IoT for industrial applications. The company offers customers comprehensive solutions in the development and industrialization of IoT applications and advanced radio solutions. Their client portfolio ranges from small companies in an early stage of product development to major international players in a wide variety of industries. Homepage www.wsisweden.com Contact: Johan Hårdén Allgon AB Tel.0733 859219 E-mail: johan.harden@allgon.se Jan-Åke Lindqvist Wireless System Integration Sweden AB Tel. 070-555 49 17 E-mail: jaln@wsi.nu
Allgon AB acquires the IoT-company Wireless System
Top 10 Most Recent News Articles
The Real Cost of Cabinet Decisions: Refinish or Replace?
Uncovering the Truth Behind Cabinet Decisions When it comes to sprucing up a kitchen, most folks overlook what's hanging on their walls already: those tired old cabinets. Now, are you looking at chucking them out the window for brand-new ones, or can a fresh coat of paint breathe new life into them? Well, that's where Melvin Jones, a painting virtuoso from Lexington,...
Continue Reading
Kal Plastics Showcases at Design-2-Part Expo
Kal Plastics Steps into the Limelight There's a buzz in the air, and it's all about Kal Plastics getting ready to strut their stuff at the Southern California Design-2-Part Show. Now, most folks probably don't spend their nights dreaming about thermoforming and pressure forming, but these guys sure make a case for it. They’ve got their eyes on impressing the crowd with...
Continue Reading
Honeywell's Supply Line Snags Bait Class Action Risk
Stepping into the chaos of the stock market sometimes feels like opening Pandora's box—just when you think you've seen it all, something new tumbles out. This time around, it's Honeywell Aerospace (NasdaqGS: HONA) playing catch with hot coals, and a burning class-action lawsuit smolders in the air. Deadline Looms for Investors in Class Action Heads up, folks! If you've...
Continue Reading
Govee Stirs Halloween Chills with New Sarah Gellar Ad
Lighting Up Halloween the Hollywood Way When it comes to Halloween, folks go nuts driving up the thrill factor at home, and boy, has Govee nailed it this time around. They've dragged Sarah Michelle Gellar into their spooky mix, transforming homes into eerie masterpieces. And let's face it, who better than the 'Buffy the Vampire Slayer' herself to stir those spine-tingling...
Continue Reading
Ractigen's Breakthrough in DMD: RNA Activates Utrophin
Ractigen's New Fight Against Duchenne: A Personal Take When it comes to biotech advancements, I've seen enough breakthroughs to not get swayed easily. But Ractigen Therapeutics presenting their first-in-human data on RNA activation for Duchenne Muscular Dystrophy (DMD) kind of demands your attention. Folks, they're talking about a potential shift in handling this brutal...
Continue Reading
Venice's Climate Challenge: Rising Seas, Sinking Lands
Sea Rise Isn’t Just a Statistics Problem The ordeal of rising seas isn't just about staring at numbers in some spreadsheet, it's a real-world gut punch that's knocking at Venice's door. This city, known for its stunning architecture and winding canals, now serves as the poster child for what happens when Mother Nature and human errors leave a place on the brink of...
Continue Reading
Trading Platforms Poised for Billions by 2031
Forecasts and Fierce Digital Landscapes Just when you thought the online trading realm was getting saturated, the numbers are making it clear: there’s still room for growth—even explosive growth. The online trading platform market is eyeing a hike, jumping from a $11.65 billion valuation in 2025 to a projected $18.18 billion by 2031, according to Mordor Intelligence....
Continue Reading
Vatrer Power: Lithium Batteries Revolutionize Golf Carts
The humdrum world of golf carts just got a jolt of energy with lithium batteries entering the fray. Vatrer Power, the brain behind some nifty LiFePO4 lithium battery conversions, made some noise at this year's Golf Carting Expo & Dealer Summit in Charleston, South Carolina. Held at the North Charleston Convention Center, this trade show was the industry's premier...
Continue Reading
Aetna's 2027 Medicare Plans: Comprehensive Outlook
Unpacking Aetna's Medicare Strategy for 2027 Look, if there's one thing you should keep tabs on, it's how Aetna isn't just coasting by in the healthcare arena. These folks are pushing forward with new options for 2027 that prove they're serious about making healthcare not just accessible, but affordable across the board. Aetna, backed by CVS Health (NYSE: CVS), is making...
Continue ReadingTop 5 Most Recently Viewed Articles
Empowering Communities Through the Annual Walk for Hope Event
Join the Annual Walk for Hope to Champion Mental Health This year marks a pivotal moment as the Foundation of Hope proudly announces the 37th Annual Thad & Alice Eure Walk for Hope 5K Walk and Festival. This iconic event celebrates community unity with a noble mission: raising vital awareness and funds for innovative mental health research. Participants from all walks of...
Continue Reading
Remembering Dr. Alastair Carruthers: A Dermatology Pioneer
Honoring Dr. Alastair Carruthers: A Trailblazer in Dermatology It is with great sadness that the American Society for Dermatologic Surgery (ASDS) announces the passing of Alastair Carruthers, FRCPC. He was a pioneering physician and a respected figure in the medical community, whose remarkable contributions have left a lasting impact on the field of dermatology. Alastair...
Continue Reading
Monthly Distribution Announced by Mulvihill Enhanced ETF
Monthly Distribution Details Mulvihill Enhanced Split Preferred Share ETF (TSX: SPFD) has officially announced its monthly cash distribution of $0.08333 per unit. This amount is set to be paid to unitholders on January 8, 2026, for those who hold units by the record date of December 31, 2025. This announcement marks a consistent effort by the ETF to return value to its...
Continue Reading
Concrete Pumping Holdings' Fiscal 2025 Q2 Results Explained
Concrete Pumping Holdings Reports Q2 Fiscal Year 2025 Performance Concrete Pumping Holdings, Inc. (Nasdaq: BBCP), a prominent entity in delivering concrete pumping and waste management services, issued its financial disclosures for the second quarter ending in April 2025. Despite potential setbacks in the construction landscape, company leadership maintains a clear...
Continue Reading
BGL Completes Major Restructuring for New Wyndham Hotels Launch
BGL Real Estate Advisors Completes Major Restructuring for Wyndham Hotels Brown Gibbons Lang & Company (BGL) has successfully finished the brand transformation and financial restructuring of three Wyndham hotels, which together encompass 397 keys. This initiative was undertaken for the hotels’ owners, Ceres Enterprises and The Orlean Company. The newly branded hotels,...
Continue Reading