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Atego buys HighRely, sees wider market

Posted: 09 May 2011 ?? ?Print Version ?Bookmark and Share

Keywords:acquisition? merging? global expansion? improved production?

Atego, an independent supplier of industrial-grade, collaborative development tools for engineering complex, mission- and safety-critical architectures, systems, software and hardware, has acquired HighRely, a provider of high reliability engineering solutions, services and tools for critical embedded product and systems development. Atego's acquisition of HighRely posts possibilities of improved production and services thus wider market can be reached.

"The acquisition of HighRely is all about scale, growth and continuing to deliver on our Work-as-One SM strategy to enable engineers to easily meet the difficult challenges involved in designing complex, critical systems," says James B. Gambrell, chairman of Atego. "HighRely's expertise in the aerospace and avionics markets adds considerable breadth and depth to our solutions and services for critical system design and development, reinforcing our position in the market and boosting our potential for growth. The unparalleled industry knowledge, expertise and ongoing commitment of HighRely's employees will also add significantly to our global expansion plans. This acquisition is key for Atego and we plan to invest in the growth of the HighRely business, while continuing to service HighRely's loyal customers."

Based in Phoenix, Arizona, USA, HighRely has expertise specific to the aerospace and avionics, medical equipment, nuclear and transportation industries. The company provides engineering services and software solutions for critical systems design and development, covering the whole project lifecycle from application planning, specification and design through to build, testing, verification, certification and implementation.

"Atego has an enviable reputation for providing robust products and services for complex, critical system and software development," says Vance Hilderman, president of HighRely. "Our tools and services are the perfect complement to Atego's highly successful, market-leading solutions portfolio and our skill-base will provide added impetus for growth in Atego's key market segments."

Under the terms of the agreement with HighRely, Atego is acquiring the company and all its assets, including service offerings, products and intellectual property. The acquisition will see all of HighRely's employees, Phoenix headquarters and Avionics Certification Center, ongoing customer commitments and partner relationships integrated into Atego's global business operations.

"Together, we are stronger," concludes Hedley Apperly, Atego's vice-president of Product and Marketing. "The acquisition of HighRely significantly extends our footprint in the market, particularly in the USA. Atego's strong presence and reputation in Europe will also leverage HighRely's skills to grow local expertise for new, break-through safety-critical projects with customers in Europe. It considerably reinforces our capabilities in the aerospace and avionics market as well as expanding our presence in the transportation, medical equipment and nuclear industries."





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