Product category: Communications ICs (Wireless)
News Release from: National Semiconductor
Edited by the Electronicstalk Editorial Team on 11 June 2001
National to acquire Wireless Solutions
Sweden
National Semiconductor has reached an agreement to acquire Wireless Solutions Sweden AB, a developer of wireless solutions ranging from telemetry to mobile phones to wireless networking.
National Semiconductor has reached an agreement to acquire Wireless Solutions Sweden AB, a developer of wireless solutions ranging from telemetry to mobile phones to wireless networking, including Bluetooth and 802.11 technologies Wireless Solutions is a subsidiary of Allgon AB, which focuses on mobile phone infrastructure products such as antenna systems, other basestation components and handset antennas
This article was originally published on Electronicstalk on 5 Jan 2001 at 8.00am (UK)
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The transaction is expected to close within a week for a cash purchase price of approximately $23.5 million plus the assumption of certain liabilities.
The acquisition will enable National to deliver complete wireless reference designs including silicon chipsets, hardware and software.
These reference platforms will accelerate time to market for National's customers by providing system designs ready for approval and production.
The acquisition also enhances National's intellectual property resources in wireless technologies such as GSM/GPRS, Bluetooth, 802.11, and WCDMA.
The company plans to first use Wireless Solutions' technologies in National's GSM/GPRS mobile handset reference design, as well as Bluetooth and wireless LAN products.
"This addition is a perfect extension of our recent InnoCOMM acquisition and our ongoing strategy for complete wireless system solutions", said William Stacy, vice president of National's Wireless Division.
"Wireless Solutions integrates chips with boards and software to provide reference designs complete with manufacturing specifications and the required type approvals needed to market wireless products.
National can now offer our wireless customers a complete one-stop shopping capability", he added.
Wireless Solutions, founded in 1997, is based in Stockholm, Sweden, and employs approximately 50 employees.
They will remain in Stockholm and will operate as a development centre for National's Wireless Group, reporting to Stacy.
"We are excited to become a part of National Semiconductor, a world leader in wireless technology", said Par Bergsten, president and technical director of Wireless Solutions Sweden AB.
"This will ensure that our worldwide customers get the best wireless solutions for use in their end products".
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