28/01/2007
Jaltek systems acquires Wavesight
UK
With Wavesight in the Jaltek Group, Jaltek can further expand its service offering to clients to include expertise in RF design, test and build. In tandem, Wavesight's customer base will gain access to Jaltek's extensive, multi-centred manufacturing, PCB design and software design capabilities.
As part of the Jaltek umbrella of companies, Wavesight will continue to trade under its own name and maintain its management and team structure. Wavesight's technology serves a variety of intelligent application needs from last mile access to video surveillance to mobile access and has proven itself to be reliable with more than 3000 deployments installed across Europe, Asia & North America.
Jaltek is a profitable company, turning over in excess of £10 million in 2006, a figure that has grown consistently since the company was established in 1998. Jaltek currently operates from two sites, occupying a 1600m2 facility on the Sundon Business Park in Luton which employs 72 people, and another 400m2 facility in Wokingham which employs a further 10 people. It is expected that this latest announcement will generate a further 10 additional job opportunities at the Luton facility.
Ronan Smith, CEO for Wavesight, comments "Jaltek brings a level of investment, scale and well established specialist experience in areas that will help us to maximise revenues with our existing customers and develop new ones. This is an exciting time for Wavesight and the next logical step to accelerate growth. I look forward to taking the company forward"
Pravin Sood, CEO of Jaltek Systems, adds: "Wavesight is an excellent fit for Jaltek in terms of skills and positioning. This acquisition means that we will expand our customer base and value added offering and give us valuable exposure to new opportunities such as the growing convergence market. Our 'value add value engineering' (J-VAVE) service forms a significant part of our offering. By applying it from the outset of any project, our clients benefit from optimised design for manufacture as well as test and procurement. This is extremely powerful for our customers and provides a significant differentiator for Jaltek Systems"






















