u-blox to acquire Italian wireless design house Neoseven



u-blox to acquire Italian wireless design house Neoseven
u-blox to acquire Italian wireless design house Neoseven
u-blox last week announced the signature of an agreement, subject to the fulfillment of customary closing condition, to acquire Neonseven SpA, headquartered in Sgonico near Trieste, Italy, for up to Euro 9.3 million, fully paid in cash. Neonseven is a design house for wireless telecommunications devices for consumer, automotive and industrial OEMs.

Neonseven has experience in providing wireless communications solutions and offering services in the area of component evaluation, platform and feature development, testing services, product support and product maintenance. Since its foundation in 2003, Neonseven cooperates closely with Infineon in the design and development of products, platforms and in the testing of components.

With the acquisition, u-blox intends to expand its product offering with GSM/GPRS cellular modem applications, adding a comprehensive portfolio of wireless communications solutions for its customers. Such modems function as the core element in fleet management, asset tracking and automotive safety applications – markets where u-blox is a significant supplier of GPS positioning solutions.

Monday, March 2nd 2009


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