Mergers & Acquisitions
By The Online Investor Staff, updated Wed., Mar. 3, 10:16 PM
| This Slide: #17 of 100 |
Slide #17. TeamViewer — Upskill
Acquirer:
TeamViewer (TMVWY)
Acquiree:
Upskill
Details:
TeamViewer, a leading global provider of secure remote connectivity solutions and workplace digitalization technology, today announced its acquisition of Upskill, the US-based pioneer in augmented reality (AR) software for frontline workers. Upskill's digital workflow solutions support workers especially in industrial manufacturing, inspection, and audit use cases through real-time interfaces with smart glasses and handheld mobile devices. With Upskill's strong presence on the North American continent, an engineering hub in Austin, TX, and reputable blue-chip customers such as The Boeing Company, Merck KGaA and American Bureau of Shipping, TeamViewer strengthens its position as the number one global player in providing industry-specific AR solutions. The company had started to strategically invest in that space in 2020 with the successful acquisition of European wearable software leader Ubimax, serving global champions like DHL, Siemens and Coca-Cola Hellenic Bottling Company.
Upskill: PRIVATE
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