Financial Advisor
Digi International Inc.
M&A Advisory
Has Acquired
Transaction Details
- On January 9, 2017, Digi International, Inc. (“Digi”), announced the completion of its acquisition of SMART Temps, LLC (“SMART Temps”)
- With its third strategic acquisition in 15 months, Digi has established itself as a clear leader in the cold chain industry with more than 10,000 locations under management
- The acquired SMART Temps technology will continue to be supported, as well as leveraged within Digi’s existing products and services, to expand its advanced portfolio of products for the cold chain market
- SMART Temps CEO John Miller and the SMART Temps employees will become part of the Digi Cold Chain Solutions team and will report to Digi COO Kevin Riley
- Stephens Inc. served as exclusive financial advisor to Digi
About the company
Digi International, Inc.
Digi International (NASDAQ: DGII) is a leading global provider of business and mission-critical machine-to-machine (M2M) and Internet of Things (IoT) connectivity products and services. They help their customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security, relentless reliability and bulletproof performance. Founded in 1985, they have helped their customers connect over 100 million things, and growing.
SMART Temps, LLC
SMART Temps is a provider of real-time foodservice temperature management for restaurant, grocery, education and hospital settings as well as real-time temperature management for pharmacy, blood bank and laboratory environments.
Sources: Company documents and publicly available information.
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