Latest News

u-blox acquires SIMCom cellular product line


u-blox has announced an asset deal with Shanghai-based SimTech that will give u-blox control over the company’s cellular modem products (known as SIMCom Wireless), patents and know-how, R&D and sales staff, and customer base. The deal will significantly expand the company’s existing cellular product range.

SimTech will sell the listed assets for US$52.5 million, making it u-blox’s biggest acquisition to date. The assets will be integrated into the company’s cellular product centre and help to expand its R&D capacity by 150 specialists, as well as enlarging the sales organisation. It is projected that following the acquisition, the company’s revenues will increase by approximately US$75 million for the remaining three quarters of 2017, taking total revenue to the half million USD mark.

Send this to a friend