Eurotech Group forms new US subsidiary, Eurotech Inc., merging Arcom and Applied Data Systems
Amaro, Italy - February 26, 2008 – The Eurotech Group today announced that Applied Data Systems and Arcom, two of its US-based subsidiaries, are merging to form Eurotech Inc.
Eurotech Inc. will operate as a single company, upon the public launch of the new company in April 2008 and completion of the transition in July 2008. Customers of Eurotech Inc. will benefit from an increased product offering and resources available to work toward the success of their programs. Employees of Eurotech Inc. will grow in this new dynamic environment with an open sharing of ideas and insights across locations.
The integration of Applied Data Systems and Arcom is expected to have a positive impact on the Groups short, mid and long-term profitability already in 2008, due to the implementation of operational efficiencies and economies of scale between the merged companies.
Eurotech Inc. is an important cornerstone of the integration process that Eurotech Group is currently undertaking after the intense acquisition campaign of the past two years.
Eurotech Group is aiming to create a truly integrated company able to serve customers on a global basis with a consistent product offering, innovative solutions and service quality.
Eurotech Inc. creates embedded computer systems, ranging from x86 to ARM architecture systems from both Applied Data and Arcom, and is focused on providing the latest innovations in embedded systems for the US market to both OEM and enterprise customers. Packaged solutions from Eurotech include the ZyWAN cellular routing modem, the Zypad wrist-wearable computer, Passenger Counter, and the netCast video over IP systems.
Eurotech Inc will represent Eurotech Group systems, including embedded computer systems, packaged systems, sensors, and high performance computers to the transportation, medical, automotive, gaming, military, industrial, and point of service industries.
Eurotech Inc, with revenues of approximately $45 million (US dollars) in 2007, employs 150 people with over 50 percent of the staff involved in research and development activities.
The Eurotech Group
Eurotech (ETH.MI) is a company active in the research, development, production and marketing of miniaturised computers (NanoPCs) and of computers featuring high-performance computing capability (HPCs). The company's headquarters are located in Amaro (Italy), with offices in Kansas City (Kansas, USA - Arcom Inc.), Columbia (Maryland, USA - Applied Data Systems), Salt Lake City (Utah, USA - Parvus Corp.), Cambridge (UK - Eurotech LTD), Lyon (France - Eurotech France), Helsinki (Finland - Eurotech Finland), Varese (Italy), Trento (Italy), München (Germany), Chengdu (China), Beijing (China) and Okayama (Japan - Advanet LTD). See www.eurotech.com for more information