SECO Integrates InHand Electronics
March 10, 2020 | Business WireEstimated reading time: 1 minute
SECO, a high-tech manufacturer of computer miniaturization and “ready-to-use” IoT integrated systems, with shareholder FII Tech Growth fund backed by Cassa Depositi e Prestiti, is pleased to announce that it has completed the acquisition of 100% of InHand, a Maryland-based leading provider of low-power rugged embedded systems and software to original equipment manufacturers of handheld, portable, Internet of Things (IoT), and wireless devices for the military/defense, industrial, medical, transportation, infotainment and field operations equipment markets.
"The acquisition of InHand significantly expands SECO’s dimension in the United States, positioning our Group in an ideal set-up to meet the growing demands from medical, defense and industrial US-based customers" said Greg Nicoloso, President and CEO of SECO USA. "The extensive competencies in engineering, development and manufacturing generated as a result of the integration between SECO USA and InHand represent a significant added value for the combined company’s customers.”
Founded in 1984 as DVP and renamed InHand Electronics in 2000, InHand is recognized as a leader in the design and manufacturing of commercial off-the-shelf (COTS) Single Board Computers (SBC) and tablet platforms for OEMs of wireless, IoT, and handheld electronic devices. The company is ITAR registered for engineering design services and products, headquartered in Rockville, Maryland, has approximately 20 employees and is expected to grow significantly through its integration with SECO USA over the next 3 years.
“We are very enthusiastic about the integration with the SECO Group which gives us the immediate ability to offer our customers an additional level of technological solutions and product portfolio” said Carlos Valeiras, CEO of InHand Electronics. “Our engineering expertise combined with SECO’s resources, extensive product portfolio, and industrial operations model will allow us to better serve our customers and grow significantly in the United States.”
As a result of the transaction SECO USA and InHand Electronics jointly operate as a single company named SECO InHand under the guidance of Greg Nicoloso as Chief Executive Officer. The SECO InHand Board of Directors will be formed by Greg Nicoloso, Les Goodman (Chairman), Carlos Valeiras (CFO), Mark Price (CTO) and Massimo Mauri (Director).
White & Case acted as legal advisor to SECO in connection with the transaction and the interaction with the competent US authorities.
Suggested Items
Book Excerpt: The Printed Circuit Assembler’s Guide to... Factory Analytics
04/24/2024 | I-Connect007 Editorial TeamIn our fast-changing, deeply competitive, and margin-tight industry, factory analytics can be the key to unlocking untapped improvements to guarantee a thriving business. On top of that, electronics manufacturers are facing a tremendous burden to do more with less. If you don't already have a copy of this book, what follows is an excerpt from the introduction chapter of 'The Printed Circuit Assembler’s Guide to... Factory Analytics: Unlocking Efficiency Through Data Insights' to whet your appetite.
Listen Up! The Intricacies of PCB Drilling Detailed in New Podcast Episode
04/25/2024 | I-Connect007In episode 5 of the podcast series, On the Line With: Designing for Reality, Nolan Johnson and Matt Stevenson continue down the manufacturing process, this time focusing on the post-lamination drilling process for PCBs. Matt and Nolan delve into the intricacies of the PCB drilling process, highlighting the importance of hole quality, drill parameters, and design optimization to ensure smooth manufacturing. The conversation covers topics such as drill bit sizes, aspect ratios, vias, challenges in drilling, and ways to enhance efficiency in the drilling department.
Elevating PCB Design Engineering With IPC Programs
04/24/2024 | Cory Blaylock, IPCIn a monumental stride for the electronics manufacturing industry, IPC has successfully championed the recognition of the PCB Design Engineer as an official occupation by the U.S. Department of Labor (DOL). This pivotal achievement not only underscores the critical role of PCB design engineers within the technology landscape, but also marks the beginning of a transformative journey toward nurturing a robust, skilled workforce ready to propel our industry into the future.
Winner of The Science Show Rakett 69 Receives Incap Scholarship
04/24/2024 | IncapThe winner of the Rakett 69 science show, Andri Türkson, who stood out as an electronics enthusiast, received a scholarship from Incap Estonia, along with an internship opportunity in Saaremaa.
Alternative Manufacturing Inc. Awarded QML Requalification to IPC J-STD-001 and IPC-A-610
04/24/2024 | IPCIPC's Validation Services Program has awarded an IPC J-STD-001 and IPC-A-610 Qualified Manufacturers Listing (QML) requalification to Alternative Manufacturing Inc (AMI).