Jerusalem, Israel, June 29th 2021 Kramer Electronics has acquired Wow Vision Pte, a wireless collaboration software development company, through the purchase of the remaining 50% of the outstanding shares of the company.

"We are incredibly excited that Wow Vision and its talented team of software engineers have joined the Kramer family," says Gilad Yron, CEO of Kramer.

"This acquisition will strengthen our R&D capacity and enable us to continue accelerating Kramer’s growth, especially in the strategic areas of networked software-based solutions, collaboration, unified communication and cloud technologies. It also demonstrates our ongoing commitment to investing in innovative technologies that offer our customers and partners better and smarter automated solutions to collaborate, share, and communicate in hybrid working and learning environments."

Yuval Cohen, Managing Partner of Fortissimo Capital and Chairman of the Board of Kramer, added:

"Kramer’s growth is fueled by innovation and our ability to develop the best solutions in the market. Kramer continues to invest in technologies that will further enhance its leadership in providing solutions for the rapidly changing environment for how people communicate, work and study.