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Cinterion hailed as M2M wireless modules leader

June 02, 2008 | | 208401418
The new owners of what was Siemens AGÕs wireless modules operations focusing on machine-to-machine (M2M) applicationsThe have rechristened the entity Cinterion Wireless Modules.
LONDON — The new owners of what was Siemens AG's wireless modules operations focusing on machine-to-machine (M2M) applicationsThe have rechristened the entity Cinterion Wireless Modules.

Headquartered in Munich, Germany, the operation that was spun out of Siemens' Automation and Drives unit was initially named Joint Operations for Mobile Applications (JOMA) by the new owners, which include Deutsche Telecom's T-Mobile Venture Fund and two private equity firms, including Granville Baird.

According to a Gartner survey, Cinterion Wireless Modules has a 34 percent share of the global wireless modules business for M2M applications.

"As market leader with an unmatched global approach Cinterion Wireless Modules is in the pole-position to actively shape the fast-growing M2M market," says Norbert Muhrer, CEO of Cinterion. "Thanks to our new independence, we will now add two more strong points that are of crucial importance for the business: flexibility and speed."

Muhrer said the company plans to expand by focusing on emerging vertical and regional markets, by introducing new technologies in the 3.5G and 4G arena, and on intensifying its solutions business, known as M2M One.

Cinterion Wireless Modules has taken on the entire management team and over 400 employees. In addition to the Munich facilities, the company has development teams in Berlin and Wroclaw, Poland.

Current turnover is about 250 million euros.

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