Meinberg, a Bad Pyrmont, Germany-based manufacturer of time and frequency synchronization solutions, is to acquire long-time supplier Oregano Systems, a Precision Time Protocol (PTP) technology design and consulting company.
The amount of the deal was not disclosed.
This acquisition allows Meinberg to streamline its PTP hardware and software, providing an integrated offering to hardware vendors looking to add PTP support to their own products, and add Oregano’s experienced design team, to increase its R&D capacity, particularly as to the design of PTP/IEEE 1588 technology, FPGAs, and other electronic components.
Oregano’s syn1588® technology, which offers extensive PTP mode and profile support, is used in a number of Meinberg’s hardware products, including its renowned PTP devices and modules. It also serves as the base for Meinberg’s PTP client software for both Windows and Linux.
Oregano co-owner Gerhard Cadek, along with business partner Nikolaus Kerö, will remain involved in Oregano for a minimum of six years, thus guaranteeing a smooth transition of management and leadership.
Meinberg is a global leader in time and frequency synchronization solutions. Its innovative products enable synchronization for such mission-critical applications as power grid/substation automation, finance, digital broadcasting, telecommunication networks, aerospace, and research and development.
FinSMEs
27/02/2019