HARTLEPOOL, ENGLAND - The Stadium Group today acquired United Wireless, a designer and manufacturer of electronics for the machine-to-machine (M2M) wireless sector, for £8 million in cash and shares.

Stadium will initially pay £6 million to acquire United, the company said. 

"This acquisition establishes Stadium as a credible player in the fast growing market for M2M wireless devices," Stadium’s chief executive Charlie Peppiatt said. "The successful integration of United will deliver the next step of our strategy to become a design-led electronics business by adding wireless connectivity to our integrated technology offering. I am confident that this acquisition will generate significant value for Stadium shareholders.”

United is based in Warrington, Cheshire, and employs 40 workers.

In 2012, Stadium acquired IGT, an OEM of electronic displays.

• Prev
• Next