u-blox acquires SIMCom cellular module product line

Shanghai‑based SIMCom Wireless is one of the world’s leading machine‑to‑machine (M2M) wireless module and solutions suppliers. In an asset deal worth USD 52.5 million, u‑blox is acquiring the company’s cellular modem products, R&D team and customer base, which will expand the u‑blox cellular product range and make it one of the world’s largest suppliers of cellular modules.

Thalwil, Switzerland – January 20, 2017– u‑blox (SIX: UBXN), a global leader in wireless and positioning modules and chips, today announced an asset deal with Shanghai‑based SimTech Group Company Ltd. 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.