Conel
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Conel - overview
Established
1991
Location
-, -, Czech Republic
Primary Industry
Telecoms
About
Conel is a Czech Republic-based company specializing in advanced 4G and 5G cellular routers and gateways designed for Internet of Things (IoT) applications across various industries. Founded in 1991 in the Czech Republic, Conel focuses on manufacturing cellular routers and gateways for IoT applications. The company was acquired by B&B Electronics Manufacturing Co. , a portfolio of Graham Partners, in March 2012.
Jonathan Hauser currently serves as CEO. Conel specializes in the design and manufacture of advanced 4G and 5G cellular routers and gateways tailored for Internet of Things (IoT) applications across various industrial sectors. Their products, built on the LR77 v2 platform, support features such as VPN management and device health monitoring, facilitating secure communication in M2M (machine-to-machine) applications. They cater to industries like smart cities and industrial automation, with a client base that includes manufacturers and service providers.
Their products are available in the European Union, North America, and Asia. In 2022, Conel reported a revenue of USD 15. 77 mn and an EBITDA of USD 2. 94 mn.
Following its acquisition in March 2012, Conel aims to expand its product lineup with new routers and gateways designed for emerging IoT applications, with specific launch dates yet to be determined. The company plans to penetrate new geographic markets, targeting regions in Asia and North America for expansion by 2025. The recent funding received will support these growth initiatives, enhancing product development and market outreach.
Current Investors
Advantech B+B SmartWorx Inc.
Primary Industry
Telecoms
Sub Industries
Telecoms Equipment
Website
www.conel.cz
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Conel - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Conel | - |
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