Satel to Accelerate its Global Vision of Mission Critical Connectivity Under new Ownership

Topcon Positioning Systems, an industry leading designer, manufacturer and distributor of precision measurement and workflow solutions for the global construction, geospatial and agriculture markets, has today announced the acquisition of Satel Oy, a manufacturer in the design, manufacturing of high quality connectivity solutions that enable secure, mission-critical communications.

Under the new ownership, Satel will continue to operate and serve its customers independently, preserving the intimacy of its customer relationships.

“We recognize and value the global technology leadership that Satel has created by being an agnostic supplier to a wide network of distributors and customers in a variety of applications,” said Ray O’Connor, Topcon Positioning Systems president and CEO. “These relationships are the basis for the  leading expertise and success. We are determined to make sure they can continue to operate independently to guarantee a successful continuation in serving their broad array of customers with the industry’s best solutions.”

To ensure the continuity of the business Satel’s chairman, Dr. J.T. Bergqvist, will remain in his position. The company CEO, Mr. Markus Kantola, will continue to run the company together with his current leadership team.

“We are very proud of the leading position that Satel has created in the field of communication technology, the strong team in Salo (Finland) and the excellent relations with our global network of specialist value-added distributors  and OEM partners,” said J. T. Bergqvist, “Topcon’s ownership will offer an exciting springboard to accelerate the implementation of our vision of mission critical connectivity, tightly integrated and tailored to the most demanding applications and conditions.”