EQS Group-Media / 2019-07-31 / 18:00
*Press Release*
*u-blox acquired Rigado's Bluetooth modules business and extends Bluetooth
low energy offerings for customers*
*The acquisition complements u-blox's commitment for an extended Bluetooth
product offering and adds access to new sales channels and market segments.*
*Thalwil, Switzerland - **July 31, 2019 -* u-blox (SIX:UBXN), a global
provider of leading positioning and wireless communication technologies,
today announced it acquired Rigado's Bluetooth modules business in an Asset
Purchase Agreement. Rigado is a leading provider of Edge-as-a-Service
gateway solutions for Commercial IoT, and began offering certified wireless
modules in 2015.
This acquisition will allow u-blox to extend their range of products in the
area of Bluetooth(R) low energy, Zigbee and Thread, as well as to access
additional market segments and channels. The combined short range radio
offering adds new modules targeting consumer-oriented markets, for instance
sport and fitness, while Rigado's existing customers will get access to all
u-blox Wi-Fi, cellular, and positioning solutions for their IoT
applications. In addition, Rigado's customers will benefit from u-blox's
global support capabilities.
"Rigado's Bluetooth modules business complements our already extensive
portfolio and gives us access to more channels and new interesting customers
in the area of smart home, wearables, as well as fitness," said Herbert
Blaser, Head Product Center Short Range Radio, u-blox. "We're also looking
forward to the ongoing collaboration with distribution partners like
Digi-key or Future Electronics, where we'll be able to offer a seamless
transition", he noted.
"We're very proud of both our market-leading modules division and Rigado's
fast-growing edge infrastructure gateway business", Greg Rau, President of
Rigado, added. "The value we capture from the acquisition of the modules
division will allow us to further accelerate Rigado's growth in the gateway
market - especially in key solution areas such as smart building and asset
tracking."
Going forward, Ben Corrado, former CEO of Rigado, will be part of u-blox's
Short Range Radio product strategy team. With him, other key staff of
Rigado's modules division have also joined u-blox, while the existing Rigado
office in Salem (OR) will be the North American Short Range Radio
Engineering Center for u-blox.
The Rigado Bluetooth modules portfolio will be re-branded under the u-blox
name and integrated into the short range radio offering.
About u-blox
u-blox (SIX:UBXN-) is a global provider of leading positioning and wireless
communication technologies for the automotive, industrial, and consumer
markets. Their solutions let people, vehicles, and machines determine their
precise position and communicate wirelessly over cellular and short range
networks. With a broad portfolio of chips, modules, and a growing ecosystem
of product supporting data services, u-blox is uniquely positioned to
empower its customers to develop innovative solutions for the Internet of
Things, quickly and cost-effectively. With headquarters in Thalwil,
Switzerland, the company is globally present with offices in Europe, Asia,
and the USA. (www.u-blox.com [1])
Find us on Facebook [2], LinkedIn [3], Twitter @ublox [4] and YouTube [5]
*For more information:*
*u-blox contact:*
Gitte Jensen
Investor Relations Manager
Phone: +41 44 722 74 86
E-mail: gitte.jensen@u-blox.com
*About Rigado*
Founded in 2010, Rigado's Edge-as-a-Service solutions power more than 300
global customers and 5 million connected devices across Commercial IoT
solutions such as Asset Tracking, Smart Lighting, and Sensing and Monitoring
in markets like Smart Workplaces, and Connected Retail and Logistics. Rigado
is headquartered in Portland, Oregon with offices in London, UK and
Shenzhen, China. (www.rigado.com [6])
Find us on Facebook [7], LinkedIn [8], Twitter [9] and YouTube [10]
*Rigado media contact:*
Phone: 971.208.9780
E-mail: pr@rigado.com
Issuer: u-blox AG
Key word(s): Enterprise
End of Corporate News
Language: English
Company: u-blox AG
Zürcherstrasse 68
8800 Thalwil
Switzerland
Phone: +41 44 722 74 44
Fax: +41 44 722 74 47
E-mail: info@u-blox.com
Internet: www.u-blox.com
ISIN: CH0033361673
Listed: SIX Swiss Exchange
EQS News ID: 848333
End of News EQS Group Media
848333 2019-07-31
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(END) Dow Jones Newswires
July 31, 2019 12:01 ET (16:01 GMT)
