Antcor acquisition strengthens u-blox’ technology for robust short-range connectivity.
Swiss u-blox (SIX:UBXN), a leading provider of wireless and positioning semiconductors and modules for the automotive, industrial and consumer markets, has acquired the company Antcor, a developer of Wi-Fi baseband intellectual property (IP).
The acquisition consists of a purchase of 100% of the shares of Antcor Advanced Network Technologies S.A. at a price of EUR 5.2 million (CHF 6.3 million), in addition to an earn-out which offers the sellers the possibility to participate in certain future revenues of the company.
The transaction gives u-blox immediate ownership of advanced Wi-Fi core technology that will enable the company to develop ruggedized communication solutions tailored to demanding environments.
Thomas Seiler, u-blox CEO, said:
“The acquisition of Antcor’s technology and expertise significantly strengthens our chip design capabilities for short range wireless communications. Their technology is a perfect complement to our wireless communications and global positioning activities and expands our ability to deliver robust, end-to-end M2M communication solutions to our customers.”
Founded in 2004, Antcor is a privately-held VC backed company with headquarters in Athens, Greece. With 25 highly qualified employees, Antcor specializes in Wi-Fi software development.
For more information about Antcor, visit www.antcor.com
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