Topcon completed the acquisition of Satel from Alder Fund.

Topcon, a manufacturer and distributor of precision measurement and workflow solutions for the global construction, geospatial and agriculture markets, completed the acquisition of Satel, a developer and seller of high quality private radio technology solutions that enable secure, mission-critical connections, from Alder Fund, a Nordic investment fund investing in sustainable technology companies. Financial terms were not disclosed. “After having worked with Satel for over 20 years, we are delighted with this acquisition, which we see as a critical component for the future of our high-accuracy positioning solutions. As our products and services have evolved from individual measurement tools to complete, multi-node workflow automation solutions, the significance of advanced communication technology has grown. Through this acquisition we are able to secure long term access to a key technology component for our portfolio today and in the future,” Ray O’Connor, Topcon president President and CEO.