What to know about the Lab651 acquisition news:
- St. Paul’s Lab651, an “end-to-end product design, development, and engineering company” has acquired Applied Logic Engineering (out of Maple Grove)
- Applied Logic Engineering specializes in developing IoT products for the commercial and industrial sectors
- The Applied Logic Engineering leadership team, including President and CTO Kelly Nehowig, will stay in place for customer and team support during the transition
- Terms of the Lab651 acquisition were not disclosed
Read the full details in the news release below. Release has been edited for length.
Lab651 to Advance Capabilities in Digital Product Design with Acquisition of Applied Logic Engineering
SAINT PAUL, MN – September 24, 2020 – PRWEB – Lab651, an end-to-end product design, development, and engineering company focusing on the Internet of Things, today announced the acquisition of Applied Logic Engineering, a privately-held engineering services company that specializes in developing IoT products for commercial and industrial applications. The acquisition of Applied Logic Engineering will strengthen Lab651’s service portfolio in embedded product development and aligns with the strategy of Lab651 to further provide end-to-end design services for connected solutions.
“This acquisition was a natural fit for our two organizations,” said Justin Grammens, cofounder of Lab651. “We have long been known for helping our clients build mobile, cloud, and voice-enabled applications for their digital and physical products. This acquisition helps us round out an already strong embedded product design team to better serve an even larger marketplace.”
Kelly Nehowig, President and CTO of Applied Logic Engineering, also commented, “Lab651’s acquisition of Applied Logic allows us to offer a wider and deeper set of solutions for our customers. Justin and the team at Lab651 are well respected in the IoT space and are a natural fit for the markets that we serve.”
“Lab651 is well versed at designing physical products and pushing them through to production,” explained cofounder Troy Pongratz. “It was an easy choice because many of Applied Logic Engineering’s customers sell physical devices, which are a perfect fit with Lab651’s core competencies.”
Kelly and his team will remain in place and continue to provide support to customers and leadership during the transition.
Terms of the acquisition were not disclosed.
Lab651 helps companies bring their IoT (Internet of Things) products to life. Based in Saint Paul, MN (area code 651), it serves customers throughout the U.S. Lab651 uses sensors, devices, cloud, mobile apps, and Artificial Intelligence to give visibility and efficiency to save businesses time and money. With hundreds of projects collectively under its belt, Lab651 has worked across all areas of IoT development. From helping companies build their first, second, or third-generation connected product, to sharing our knowledge on how to leverage IoT, Lab651 makes new things possible.
About Applied Logic Engineering
Applied Logic Engineering, based in Maple Grove, MN, was established in 1984 as a consulting firm specializing in software development, embedded system engineering, and technology research. It has a wide range of experience in product development, software engineering process, and development team building. It works with a variety of clients, including Fortune 500 companies, universities, and government agencies, and has had numerous of its products and services used in research departments, product development, and testing applications.