Haar/Knoxville, May 22, 2014 – Softing AG, a leading global provider of products for industrial automation and for automotive electronics, announced the acquisition of Online Development Inc. (OLDI), an original design manufacturer (ODM) that designs and builds industrial products for leading factory automation companies. OLDI will operate as an entity under Softing North American Holding Inc., a 100% subsidiary of Softing AG.
“OLDI’s 25 years of experience in developing factory automation modules and Softing’s industrial communications expertise offer customers a powerful combination of market-leading products and product development capabilities,” said Dr. Wolfgang Trier, CEO of Softing AG. “Moreover, with this acquisition, we can handle everything from device-level I/O to enterprise-wide communications.”
“Softing’s software development and communications products are a great fit with OLDI’s product development skills in computing, communications and I/O modules,” said Ron Monday, CEO of OLDI. “OLDI will continue as an ODM developing products for market leading companies under their brands.”
OLDI’s headquarters will remain in Knoxville, TN/USA. OLDI-branded products will continue to be sold and supported with current channel partners.
About Online Development Inc.
Founded in 1989, Online Development Inc. (OLDI) is an original design manufacturer (ODM) that designs and manufactures factory automation products to help customers simplify data transfer, control and communications tasks. In addition, under the OLDI brand, the company sells products such as Enterprise Appliance Transaction Modules (eATMs) and open control products. OLDI is headquartered in Knoxville, TN/USA. For more information visit www.oldi.com
About Softing
Softing AG is a leading global provider of products for industrial automation and for automotive electronics. In segment industrial automation, industrial data communication between fieldbus devices, controllers, and hosts has been the core business for over 30 years. Softing Industrial Automation GmbH uses standardized technologies in the field of process engineering applications and discrete manufacturing. Based on in-house technology and cross-sector expertise, the company offers innovative hardware and software products together with comprehensive integration services for fieldbus technology, Industrial Ethernet, and OPC. Softing AG and Softing Industrial Automation GmbH are headquartered in Haar near Munich, Germany.
For more information on Softing AG visit http://company.softing.com/en/.
For more information on Softing Industrial Automation GmbH visit http://industrial.softing.com.
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