|u-blox acquires Antcor for IP for industrial Wi-Fi|
|HARD / SEMICONDUCTORS / Friday, 08 August 2014 13:07|
Antcor acquisition strengthens u-blox’ technology for robust short-range connectivity
Thalwil, Switzerland and Athens, Greece – August 6, 2014 – 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), excluding an earn-out which offers the sellers the possibility to participate in certain future revenues of the company.
“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,” said Thomas Seiler, u-blox CEO.
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
u-blox contact for product information
u-blox contacts for investor relations
Thomas Seiler, Chief Executive Officer
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|Last Updated on Friday, 08 August 2014 13:13|