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Date: 10-08-14

u-blox acquires Antcor

u-blox has acquired 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).

“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.

u-blox designs semiconductor and modules for the automotive, industrial and consumer markets.

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