Austin, Texas-based Silicon Labs, a supplier of silicon, software and connected solutions, has announced the acquisition of Zentri, an innovator in low-power, cloud-connected Wi-Fi technologies for the IoT.
Zentri has developed a unique combination of modules, embedded and cloud software, APIs and tools that are designed to enable rapid development of secure IoT end node products in a matter of weeks. By eliminating the need for wireless design expertise and providing a library of cloud-connected applications, Zentri allows IoT device makers to focus on differentiating their products and speeding time to market.
“Silicon Labs is proud to join forces with Zentri,” said Tyson Tuttle, CEO, Silicon Labs. “This acquisition builds upon our strategy to deliver comprehensive, multiprotocol silicon and software solutions to securely connect IoT products to the cloud. Zentri’s Wi-Fi expertise, software and tools will extend our multiprotocol connectivity portfolio to a wider range of power-sensitive IoT end node applications.”
Shanghai-based SIMCom Wireless is a machine-to-machine (M2M) wireless module and solutions supplier, and in an asset deal worth $52.5 million, u-blox has announced that it will purchase the company’s cellular modem products, R&D team and customer base. This will expand the u-blox cellular product range and make it one of the world's largest suppliers of cellular modules.
The acquisition of SIMCom’s product portfolio allows u-blox to offer solution options and price points to widen its customer base and increase its geographical reach. The deal significantly increases the cellular module business in Asia, primarily China, and generates increased revenue in Europe and America. The assets will be integrated into u-blox's cellular product center and help to expand the company’s R&D capacity by 150 specialists, and enlarge the sales organization. All of SIMCom’s existing products will remain available under its brand name.
Subject to closure, u-blox expects revenues to reach between $485 and $515 million, with profits in the region of $60 and $65 million including integration costs.
Edited by
Alicia Young