ETAS Acquired TrustPoint Innovation Technologies, Ltd.
ETAS GmbH has completed the acquisition of Canada-based TrustPoint Innovation Technologies, Ltd. Approval from antitrust author¬ities has now been received. The contract for the acquisition was signed earlier in February. The parties have agreed not to disclose the purchase price. TrustPoint Innovation Technologies, Ltd. provides 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 cybersecurity. Moreover, we will expand our position in secure Machine-to-Machine (M2M) communication in the Internet of Things (IoT),” stated Dr. Thomas Wollinger, Managing Director of ESCRYPT GmbH.