Delta Electronics to acquire Canadian software developer
Taipei, May 30 (CNA) Delta Electronics Inc., a leading Taiwanese power management solutions provider, said Saturday that it has signed an agreement to acquire Canadian firm Trihedral Engineering Ltd. as part of its efforts to realize the company's ambitions in smart production.
In a statement, Delta Electronics said through its 100 percent-owned subsidiary Delta Electronics (Netherlands) B.V., the company will spend 45 million Canadian dollars (US$32.67 million) to acquire Trihedral.
As Trihedral specializes in supervisory control and data acquisition (SCADA) and industrial Internet of Things (IIoT) software, the acquisition is expected to strengthen Delta Electronics's hardware and Trihedral's software in such fast growing areas as automation, artificial intelligence and data analytics, the Taiwanese suitor said.
"The collecting, monitoring and analyzing of data are critical to Delta's two major growth engines of the future - smart manufacturing and smart cities. Trihedral has designed and sold market leading SCADA software for more than 30 years, in the segments of water/wastewater, oil & gas, energy and more," according to Simon Chang (張訓海), Delta Electronics's president and chief operating officer, in a statement from the company.
"Their unwavering focus on enhancing the SCADA platform for its present use and for use in new markets, including smart manufacturing, aligns perfectly with Delta's long-term strategy. The synergy of the two companies will quickly create unique solutions for our strategic global markets," Chang said.
In response to the buyout deal, Trihedral President Glenn Wadden said in the statement that the company has long served thousands of first-tier customers in North America and the United Kingdom and has now set its sights on new markets such as China, other Asian countries and Europe.
"We are looking forward to taking advantage of Delta's global operation and business strengths to continue our rapid growth in the SCADA sector. This will include our capabilities to provide real value to customers of Industry 4.0 and Smart city infrastructure," Wadden said.
According to Delta Electronics, Trihedral, founded in 1986, is also the creator of VTScada software, a complete SCADA software suite, as well as associated engineering services.
Trihedral has customers in more than 100 countries so its VTScada software has comprehensive functionality and can be connected to multinational sites and factories via the Internet through a distributed fault-tolerant network of multiple servers, Delta Electronics said.
Trihedral's products are widely used in large power, water treatment and oil and gas industries in North America, Delta Electronics added.
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