B+B SmartWorx, Formerly B&B Electronics, Is Now Advantech B+B SmartWorx

Advantech Acquired B+B SmartWorx for US$99.85 Million, Targeting Industrial IoT Applications and Expansion in the Industrial Connectivity Market.

Taipei, Nov. 16, 2015 – Advantech, a worldwide leader in Industrial Intelligent Systems, announced on Nov. 16 that it entered into an agreement, subject to customary closing conditions, to acquire B+B SmartWorx Inc., a privately-held company based in Ottawa, IL, for US$99.85 million.

B+B SmartWorx logo

B+B SmartWorx will be led by the current management team and will join Advantech’s Industrial IoT Business Group in developing new products and integrating global sales resources. With this acquisition, Advantech will expand its Industrial Connectivity product portfolio and increase its global market share by leveraging B+B SmartWorx’ branding and sales channels in the U.S., Europe, and the Middle East.

“Industrial Connectivity is a key to the development of Industrial IoT,” said KC Liu, Chairman of Advantech. “B+B SmartWorx has had a high level of Industrial Connectivity expertise for many years, and has strong teams in the U.S. and Europe. With the acquisition of B+B SmartWorx, Advantech expects to develop its Industrial Wired Networking & Fiber Infrastructure, and Industrial Wireless Connectivity Solutions product divisions, and to accelerate the expansion of the Industrial IoT channel business with a target of becoming a leader in the Industrial Networking area.”

Read the full press release.