Madison Technologies acquires Shepelec Instrumentation, expands IoT portfolio
Tuesday, 26 September, 2017
Madison Technologies, an Australian manufacturer and distributor of cabling, networking, wireless and audiovisual products and solutions, has acquired the business and assets of Shepelec Instrumentation. The acquisition includes Shepelec’s flagship industrial IoT product, the MultiPar Multi-IO Device.
Shepelec is an instrumentation company that manufactures, engineers, repairs and calibrates instruments for the utilities and process industries. Madison’s acquisition of the company represents a deliberate move into the design and development of technology solutions tailored to the emerging Industrial Internet of Things (IIoT).
“This acquisition aligns strongly with our goals for long-term evolutionary growth of our product and total solutions development,” said David Redfern, managing director of Madison Technologies. “The Multipar product range is quite unique and, in many ways, is the missing link in providing a complete end-to-end total IoT solution.”
The MultiPar Multi-IO Device is a data logging and cloud-based platform that can record almost any parameter. With multiple interfaces to measure and log analog, digital and serial devices, the product transmits data to the cloud-based platform over the cellular network.
“The MultiPar offering is already trusted by a large customer base in the water metering sector,” said Shaun Smith, general manager industrial ITC, Madison Technologies. “We will look to leverage off this solution for a wide range of industries such as smart cities, other utilities sectors, mining and transport.
“As the sector grows, and more applications for this technology are discovered, we expect the MultiPar to be a significant part of the IoT market moving forward.”
Madison Technologies has now established a new business called mIoT, which will focus on the design, development and manufacture of IoT devices, platforms and solutions for a broad range of industry applications.
Redfern concluded, “By partnering with innovative companies, and bringing them the technology that will help transform their business, Madison Technologies will further cement its place in the specialist communications technology arena.”
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