Earlier this year, we announced the pending acquisition of TrustPoint Innovation Technologies, Ltd. Following approval by the antitrust authorities, the acquisition is now final.
TrustPoint Innovation Technologies, Ltd. provided specialized security tools for Vehicle-to-X (V2X) communication and secure Machine-to-Machine (M2M) communication in the Internet of Things (IoT). The acquired company will be integrated into ETAS Embedded Systems Canada Inc., located in Kitchener, Ontario, which specializes in embedded systems security in collaboration with the ETAS subsidiary ESCRYPT GmbH.
“The successful completion of this acquisition strengthens ESCRYPT’s leading position in automotive cyber security. Moreover, we will expand our position in secure Machine-to-Machine (M2M) communication in the Internet of Things (IoT),” explained Dr. Thomas Wollinger, Managing Director of ESCRYPT GmbH.
Employees of both ETAS Embedded Systems Canada Inc. and TrustPoint Innovation Technologies, Ltd. came together to celebrate in their future, yet to be remodeled offices. The official grand opening will take place in June.