KEYMILE takes over HYTEC Gerätebau GmbH
KEYMILE has acquired HYTEC Gerätebau GmbH. The company is based in Mannheim, Germany and specialises in process-data communication, especially data communication in telecontrol and automation engineering. The acquisition will allow KEYMILE to boost its position among energy utilities and above all to expand its core competencies with regard to smart grids.
KEYMILE is a leading technology supplier of cutting-edge technology for communications solutions in access and transmission systems. It has acquired privately owned HYTEC Gerätebau GmbH. For more than three decades, HYTEC has been involved in process data communication and has developed and distributed its products. Some of the areas it focused on included data communication in telecontrol engineering, but also telecontrol and automation engineering including telecontrol stations and telecontrol protocols. The previous owner and CEO Norbert J. Fliege, has retired from day-to-day business operations and agreed with KEYMILE on conditions for a take-over.
HYTEC’s product range includes VFT (Voice Frequency Telegraphy) modems which are used for traditional telecontrol applications, as well as for transmitting process data in industrial facilities. The second area is occupied by the SHDSL/LWL product range which focuses on communication in smart grids. The third area is powerline transmission which is fast and reliable data communication via medium voltage networks (IP over Medium Voltage Networks). These are new, innovative solutions for data transmission between substations.
Björn Claassen, CEO of KEYMILE said: "HYTEC’s products ideally complement KEYMILE’s existing portfolio for dedicated networks. Particularly the innovative solutions for smart grids will strengthen our market position so that we can expand to new areas in Germany and abroad. For many utilities, smart grids are the entry point into the energy supply of tomorrow’s world. Thanks to HYTEC products, we’re also expecting new developments in transportation networks, already one of KEYMILE’s core competencies today".