Lawo announces passing of founder Peter Lawo
The committed engineer and entrepreneur founded today's Lawo AG in 1970
Munich-based technology company Rohde & Schwarz has reported that it closed its 2020/2021 fiscal year (July to June) with €2.34 billion in revenue. This is despite the ongoing global economic challenges. Operating results were almost at the previous year’s level. The company says it exceeded its target values adjusted to match market developments.
The company invests in mobile communications up to 6G, testing and measuring solutions for quantum computing, the industrial internet of things, artificial intelligence and cloud technologies.
In an interesting move, it has merged its broadcast and media divisions with its secure communications, monitoring and network testing divisions to create a new technology systems division. The company says doing this allows it to bundle its technological system expertise and resources in the markets where project business plays an important role.
The networks and cybersecurity division remains focused on equipping business and public authorities with secure WAN, LAN and WLAN network infrastructures and products to protect data transmission, devices and applications. Amongst the focuses of its test and measurement division is developing 5G for challenging automotive applications such as communications between vehicles and their surroundings.
