Since 1998 M&F Holding (ex Fargo Telecom Holdings) has positioned itself as a global actor in the IoT / Machine-to-Machine market. Its business includes the manufacture and sale of GPS receivers, wireless modems and multi-mode gateways; system integration, custom design and development of devices, embedded and back-end software; and distribution of cellular, RF and Wi-Fi modules. In October 2012 Fargo Telecom Holding was acquired by Telefield International Holdings Limited (HKEX stock: 1143) an established international Electronics Manufacturing Services (EMS) provider offering one-stop solutions to numerous international brand owners of consumer electronic products across Japan, Asia-Pacific, America and Europe. M&F Holding and its subsidiaries has been awarded as one of the Connected World 100 for the year 2013, the definitive directory when it comes to the most important and influential providers in M2M and connected devices. The list represents the top companies demonstrating significant market traction and pursuing game-changing technologies in connectivity, as determined by the editors of Connected World and its editorial advisory board.