Softing AG to Acquire Online Development Inc. (OLDI)

KNOXVILLE, Tenn.--()--Online Development Inc. (OLDI), an original design manufacturer (ODM) that designs and builds industrial products for leading factory automation companies, announced that Softing AG has acquired the company and will operate it as an entity under Softing North American Holding Company.

“Softing’s software development and communications products are a great fit with OLDI’s product development skills in computing, communications and I/O modules,” said Ron Monday, CEO of OLDI. “OLDI will continue as an ODM developing products for market leading companies under their brands.”

“OLDI’s 25 years of experience in developing factory automation modules and Softing’s industrial communications expertise offer customers a powerful combination of market-leading products and product development capabilities,” said Dr. Wolfgang Trier, CEO of Softing AG. “Moreover, with this acquisition, we can handle everything from device-level I/O to enterprise-wide communications.”

Online Development’s headquarters will remain in Knoxville, Tennessee. OLDI-branded products will continue to be sold and supported with current channel partners.

For more information about OLDI, visit www.oldi.com.

About Online Development Inc. (OLDI)

Founded in 1989, Online Development Inc. (OLDI) is an original design manufacturer (ODM) that designs and manufactures factory automation products to help customers simplify data transfer, control and communications tasks. In addition, under the OLDI brand, the company sells such products such as Enterprise Appliance Transaction Modules (eATMs) and open control products. OLDI is headquartered in Knoxville, Tennessee. For more information call 800-625-8678 or visit www.oldi.com.

About Softing AG

Softing is a leading global provider of products for Industrial Automation and for Automotive Electronics. For over 30 years, Industrial data communication between fieldbus devices, controllers, and hosts has been the core business of Softing Industrial Automation. The company uses standardized technologies in the field of process engineering applications and discrete manufacturing. Based on in-house technology and cross-sector expertise, Softing offers innovative hardware and software products together with comprehensive integration services for fieldbus technology, Industrial Ethernet, and OPC. For more information visit http://company.softing.com/en/.

Contacts

Ripley PR
Heather Ripley, 865-977-1973
hripley@ripleypr.com

Release Summary

Softing AG to Acquire Online Development Inc. (OLDI)

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Contacts

Ripley PR
Heather Ripley, 865-977-1973
hripley@ripleypr.com