Madison Technologies expands IoT device portfolio with Shepelec Business Acquisition
- Madison Technologies, one of Australia's leading product manufacturers and distributor of communications technology, has acquired the business and assets of Shepelec Instrumentation, a Victorian-based instrumentation and IoT device manufacturer and distributor
- Australian product design, Australian manufacture. An Australian IoT (Internet of Things) Solution
Madison Technologies, one of Australia’s leading product manufacturers and distributor of cabling, networking, wireless and audio visual products and solutions, has acquired the business and assets of Shepelec Instrumentation. The acquisition includes Shepelec’s flagship industrial IoT product, the MultiPar Multi-IO Device.
This strategic acquisition represents a deliberate move in to the design and development of technology solutions tailored to the emerging Industrial Internet of Things (IIoT) by Madison Technologies.
Madison's Managing Director, David Redfern, said that "this acquisition aligns strongly with our goals for long term evolutionary growth of our product and total solutions growth. The Multipar product range is quite unique and in many ways is the missing link in providing a complete end to end total Industrial Ethernet of Things (IIoT) solution".
The MultiPar product is a data logging and cloud-based platform solution that can record almost any parameter. With multiple interfaces to measure and log analogue, digital and serial devices, the MultiPar transmits this data to the cloud-based platform over the cellular network.
Shaun Smith, General Manager Industrial ITC, Madison Technologies said, “The MultiPar offering is already trusted by a large customer base in the water metering sector. We will look to leverage off this solution for a wide range of industries such as smart cities, other utilities sectors, mining and transport.”
“As the sector grows, and more applications for this technology are discovered, we expect the MultiPar to be a significant part of the IoT market moving forward,” Shaun Smith said.
Madison Technologies has established a new business called mIoT, which, as a wholly owned subsidiary, will focus on the design, development and manufacture of IoT devices, platforms and solutions for a broad range of industry applications, further solidifying Madison’s position in this space.
David Redfern concluded, “By partnering with innovative companies, and bringing them the technology that will help transform their business, Madison Technologies will further cement its place in the specialist communications technology arena.”
Madison Technologies was advised by:
- Mullins Lawyers – Legal and due diligence advisor
- Pitcher Partners – Taxation structuring advisor
- IntelliDesign – Technical due diligence advisor
- Eagle IO – Software due diligence advisor
Shepelec Instrumentation was advised by:
- UBT Accountants – Lead advisor
- HWL Ebsworth Lawyers – Legal advisor
About Shepelec Instrumentation
Shepelec is an instrumentation company that manufactures, engineers, repairs and calibrates instruments for the utilities and process industries.
The MultiPar Multi-IO device has interfaces to measure and log analogue, digital and serial devices and transmits this data to the cloud-based platform over the cellular network.