Sigma Connectivity aquires Lundinova AB
Weibull M&A was the sell-side advisor when Sigma Connectivity, a world class design and development house, announced 2018-04-16 the acquisition of Lundinova AB, a Lund based product development company in the areas of electronics, software and system design. This acquisition will support the growing demand for cost efficient, smaller scale projects primarily on the Swedish market. Lundinova has extensive experience of working in smaller teams with highly skilled and flexible engineers.
Björn Lundqvist, CEO of Sigma Connectivity: “Lundinova is a consulting company with a good reputation, skilled staff and good customer relations. We will continue to run Lundinova as an independent subsidiary to Sigma Connectivity under the name Sigma Lundinova AB.”
Marcus Weibull, CEO of Sigma Lundinova: “Sigma Connectivity has had an impressive development and we feel there is a great fit between the companies on several levels. We both work with advanced product development for important Swedish customers and in addition, they have a significant number of world leading tech-companies as costumers. Sigma Connectivity’s larger projects, extensive technical lab-resources and specialist competence will strengthen us and our offering in the growing IoT market.”
Sigma Connectivity AB
Sigma Connectivity is a design house and consultancy in one, and has since being aquired from Sony Mobile in 2013, sucessfully increased the number of active engineers from from 180 to over 500. Sigma Connectivity’s competence is founded in the R&D investments Ericsson has made in Lund during decades. The client list consists of leading international and swedish companies investing in future technologies for digitalization of products and services. Sigma Connectivty is part of the growing Sigma-group with 3800 employees in 12 countries, owned by the Dan Olofsson family.
Lundinova AB – with the new name Sigma Lundinova AB
Sigma Lundinova AB is Lund based and has around 30 employees. They offer expertize in the areas of electronics, software, project management and production. Their designs can be found in successful products in several areas such as med-tech, electrical vehicles, IoT, clean-tech, industrial and mobile telephony.