Middleby Comments on Ali Group s Unsolicited and Non-Binding Indication of Interest to Acquire Welbilt streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Press release content from Business Wire. The AP news staff was not involved in its creation.
The Middleby Corporation to Acquire Welbilt, Inc.
April 21, 2021 GMT
ELGIN, Ill. & NEW PORT RICHEY, Fla. (BUSINESS WIRE) Apr 21, 2021
The Middleby Corporation (NASDAQ: MIDD) and Welbilt, Inc. (NYSE: WBT) have entered into a definitive agreement under which Middleby will acquire Welbilt in an all-stock transaction, enhancing the Middleby Commercial Foodservice platform with an attractive portfolio of products, brands and technologies. This transaction will bring together two complementary businesses, accelerate the Middleby growth strategy into key markets globally and increase core capabilities in highly attractive segments.
ConnectWare™ Provides a Universal Solution for Connecting Kitchen Equipment
New communications module from Middleby company Powerhouse Dynamics provides a consistent, highly secure, and flexible way to connect kitchen equipment to the cloud
News provided by
Share this article
Share this article
BOSTON, April 6, 2021 /PRNewswire/ Powerhouse Dynamics, the provider of Open Kitchen,® the leading IoT-based platform for food service and retail operators, and a division of the Middleby Corporation, announced today the release of ConnectWare™. ConnectWare is a field installable communications module that enables kitchen equipment to connect to the cloud without the need to install radio units in the equipment itself. For manufacturers, this greatly simplifies the challenge of getting equipment connected, which should result in a more rapid rollout of connected equipment.