Bad Pyrmont, Germany – Feb 27th, 2019 – Meinberg, a leading manufacturer of time and frequency synchronization solutions, has agreed to acquire 100 % of the shares of its long-time supplier Oregano Systems, the world’s leading Precision Time Protocol (PTP) technology design and consulting company.
Many Meinberg distributors and representatives already offer both Meinberg and Oregano products and services. This acquisition allows Meinberg to streamline its PTP hardware and software, providing a uniquely integrated offering to hardware vendors looking to add PTP support to their own products.
“Being able to offer our customers the ability to integrate PTP software, FPGA IP cores, and individually designed solutions into their hardware products brings Meinberg’s portfolio of products and services full circle,” says Heiko Gerstung, Managing Director at Meinberg.
Oregano’s syn1588® technology, which offers the market’s most extensive PTP mode and profile support, is used in a number of Meinberg’s hardware products, including its renowned PTP devices and modules. It also serves as the base for Meinberg’s PTP client software for both Windows and Linux.
“Having worked with Meinberg for so many years, Meinberg not only knows our products, their mission is well-aligned with what we have built at Oregano over the past 19 years,” says Oregano co-owner Gerhard Cadek. Cadek, along with business partner Nikolaus Kerö, will remain involved in Oregano for a minimum of six years, thus guaranteeing a smooth transition of management and leadership.
Increased R&D capacity
With the addition of Oregano’s experienced design team, Meinberg is well-positioned to increase its R&D capacity, particularly as to the design of PTP/IEEE 1588 technology, FPGAs, and other electronic components.
“The acquisition adds an unparalleled level of cutting-edge design know-how for high-speed FPGA to the Meinberg portfolio,” adds Andre Hartman, Managing Director and Head of Hardware Development at Meinberg.
During the acquisition process, which is set to be completed by mid-2019, Meinberg and Oregano will begin streamlining processes and reducing redundancies to increase capacities in the R&D department. This will commence with the transition of all IT functions from Oregano’s Vienna (Austria) office to Meinberg’s Bad Pyrmont (Germany) headquarters.
This integration of internal functions and procedures will allow even more engineering resources to be allocated to the Vienna-based R&D team – a move that will bring direct benefits to existing and future clients.
As part of the acquisition, Oregano will gradually adapt Meinberg’s branding, including the Meinberg name and logo. This transition will occur step-by-step, with the official logo and name change being unveiled at a later date.
All existing contracts and agreements remain in place and are not affected by the change in ownership or name. Furthermore, the current organizational setup remains unchanged, with all contacts for both Meinberg and Oregano support and services staying the same for the foreseeable future.
Meinberg is a global leader in time and frequency synchronization solutions. Its innovative products enable synchronization for such mission-critical applications as power grid/substation automation, finance, digital broadcasting, telecommunication networks, aerospace, and research and development.
The Meinberg IEEE 1588 grandmaster clocks and NTP timeserver appliances – renowned for their innovation features, flexibility and reliability – are leaders in the network time synchronization market. In addition, Meinberg manufactures such synchronization solutions as high-end PTP timeserver products, GPS and GLONASS receivers, DCF77/WWVB/MSF receivers and IRIG/AFNOR time code generators/readers, along with such accessories as antennas, diplexers, converters
and signal distribution systems.
Please read the official press release (PDF) for more information.