SECO to acquire InHand Electronics.

SECO, a high-tech manufacturer of computer miniaturization and “ready-to-use” integrated systems, with shareholder FII Tech Growth, agreed to acquire InHand, a provider of low-power embedded systems and software to original equipment manufacturers of handheld, portable, battery operated, Internet of Things (IoT), and wireless devices. Financial terms were not disclosed. “We are extremely pleased to have InHand as part of the SECO Group. This is a very strategic acquisition for increasing our presence in the US market thanks to a very skilled R&D department and tier 1 US-based customers. With the combination of InHand and SECO USA we are confident we will be able to achieve new and larger portions of the American market in the forthcoming years,” Massimo Mauri, SECO Group Executive Board Member.