Alpine Investors, a middle-market private equity firm based in San Francisco, CA, announced that it has acquired Linx Technologies, a provider of cost-effective wireless modules, antennas, connectors and wireless design services. Linx enables Wireless Made Simple® by providing design engineers with robust easy to implement wireless control and data modules and components.
As part of the transaction, Alpine has announced Tolga Latif, an executive-in-residence with Alpine, as the new President and CEO of Linx. Tolga brings marketing, sales and product development experience from various leadership roles at Danaher Corp. “Linx will be able to capitalize on the rapidly growing wireless market with Linx’s existing team and Alpine’s capital and value-add approach”, said Tolga. “We look forward to additional new product releases through increased investment and the application of accelerated product development tools.” Linx’s founder and former President and CEO, Paul True, added, “Alpine is an ideal partner for Linx given its capital, long term outlook and its ability to bring an executive like Tolga to the company.
This acquisition will provide Linx with the resources it needs to continue to support its current products and customers and expand Linx’s offerings. We are all very excited about this new chapter of growth with Alpine and Tolga.” Linx will continue to operate from its facilities in Oregon and Colorado. True will remain at Linx as Chairman and will remain active in new product development.
Linx was represented by Arbor Advisors, a mergers and acquisitions financial advisory firm based in Palo Alto, CA. The financial terms of the transaction were not disclosed.