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u-blox acquires 100% of Cognovo
Jun 29, 2012 (Datamonitor Financial Deals Tracker via COMTEX) --
u-blox AG, a Switzerland-based provider of GPS receiver modules and chips, has acquired 100% stake in Cognovo, Ltd., a UK-based company engaged in software defined modem chip development technology.
The transaction is valued at $16.5 million.
Deal Value (US$ Million) 16.5
Deal Type Acquisition
Sub-Category 100% Acquisition
Deal Status Completed: 2012-06-28
Deal Participants
Target (Company) Cognovo, Ltd.
Acquirer (Company) u-blox AG
Deal Rationale
The acquisition extends u-blox's chip design capabilities to create differentiated products for strategic markets that require 4G communications combined with global positioning.
The transaction allows u-blox to meet market demand for connected systems that require positioning, connectivity and application specific functionality on a single integrated circuit.
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