u-blox acquires SIMCom cellular module product line

• 
• Tweet
• Pin It
• Condividi per email

u-blox announced an asset deal with Shanghai-based SimTech Group Company  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 significantly expands u-blox’s existing cellular product range and makes it a major supplier of cellular modules worldwide.  The acquisition firmly establishes u-blox as a leader for a range of 2G, 3G and 4G products and creates new economies of scale. The acquisition of SIMCom’s product portfolio offers additional solution options and price points which will widen u-blox’s customer base and increase its geographical reach.

The deal significantly increases the cellular module business in Asia, primarily China, and generates increased revenue in Europe and America.

Listed on the Hong Kong stock exchange, SimTech Group Company will sell the assets included in the deal to u-blox for USD 52.5 million in cash.

Subject to closure, u-blox adjusts its guidance figures for 2017. The company now expects revenues to reach between CHF 485 and 515 million, with profits in the region of CHF 60 and 65 million including integration costs.

All SIMCom’s existing products will remain available under the SIMCom’s brand name.

• 
• Tweet
• Pin It
• Condividi per email