Bittium (company)

Bittium Corporation
Public
Traded as OMX: BITTI
Industry Information Technology
Founded 1985
Headquarters Oulu, Finland
Key people
 Hannu Huttunen (CEO)
Revenue 56,8 M€ (in 2015)
Number of employees
 500+
Website www.bittium.com

Bittium Corporation is a Finnish company headquartered in Oulu.

Bittium is an engineering company in Wireless businesses. Bittium specializes in the development of secure communications and connectivity solutions.

The company's customer segments include the telecommunications, Internet of Things, and defense industries.

On 28 January 2013 Anite plc of the U.K. announced it would acquire the Elektrobit System Test Ltd. subsidiary from Elektrobit Corporation (EB), representing the Propsim portion of EB's business. The acquisition was effective 1 February 2013. [1]

On May 19, 2015, Elektrobit announced the sale of its automotive business segment to Continental AG for $680 million USD.[2] The sale includes the Elektrobit brand and all automotive segment assets. Elektrobit's wireless business will be renamed Bittium Corporation. The acquisition was effective 1 July 2015. [3]

Bittium products and services

Bittium's products are:

See also

References

  1. ↑ "The sale of Elektrobit Corporation's (EB) Test Tools product business to Anite Plc has been completed". Bittium.com. Retrieved 2016-03-10.
  2. ↑ Behrmann, Elisabeth. "Continental to Buy Elektrobit Software Unit for $680 Million". Bloomberg.com. Retrieved 2015-05-30.
  3. ↑ "Sale of Elektrobit Corporation's (EB) Automotive business to Continental AG has been closed and the name change to Bittium Corporation has been registered". Bittium.com. Retrieved 2016-03-10.

External links

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