u-blox acquires Cognovo for US$16.5m to serve new M2M markets for high-speed LTE modems

Cognovo 4G baseband chip Cognovo 4G baseband chip

Thalwil, Switzerland. June 28, 2012 – u-blox, a Switzerland-based producer of positioning and wireless semiconductors, is to acquire UK-based Cognovo Ltd. for US$16.5 million. Cognovo specialises in software-defined modem (SDM) chip development technology.

u-blox (SIX:UBXN) is a fabless semiconductor provider of embedded positioning and wireless communication solutions for the consumer, industrial and automotive markets. The acquisition extends u-blox’s chip design capabilities to create differentiated products for strategic markets that require 4G communications combined with global positioning.

Cognovo’s SDM technology and development tools are said to quickly translate complex radio modem designs into fully characterised low-power semiconductor chips. The combination of technologies from Cognovo and the recently acquired 4M Wireless will result in a new wireless modem platform based on IP owned by u-blox.

“This is a very exciting acquisition for u-blox as it positions us as an agile and cost-effective supplier of high-speed wireless modem products based on our own chip IP. This allows us to meet market demand for connected systems that require positioning, connectivity and application specific functionality on a single integrated circuit,” said Thomas Seiler, u-blox CEO. “This new foundation broadens our serviceable market, and will increase our margins in the automotive, consumer and industrial sectors. Our first 4G product is planned for 2013.”

Cognovo demonstrated its SDM baseband chip running high-speed 4G cellular functionality working with the LTE protocol stack from 4M Wireless at Mobile World Congress. With these acquisitions, u‑blox lays the groundwork for establishing a leading position in 4G wireless modems similar to the strategy that u-blox followed to become the market leader in GPS/GNSS modules. The market for 4G modems used for machine-to-machine (M2M) applications is predicted to grow rapidly, surpassing 20 million units by 2016.

“We are very pleased to deploy our SDM technology within u-blox”, said Dr. Gordon Aspin, Cognovo’s CEO. “With over 300 man-years of R&D (research & development) invested in our SDM technology, this acquisition brings together the industry’s most advanced software modem development platform with some of the best IC design and GNSS engineers in the world. This will be an unbeatable team.”

Among the key terms of the transaction are:

* Acquisition of 100% of the shares of Cognovo Ltd at a price of US$16.5 million
* Acquisition of key Cognovo intellectual property and software
* Integration of the Cognovo business and 30 employees into u-blox’s organisation

u-blox’ solutions enable people, devices, vehicles and machines to locate their exact position and wirelessly communicate via voice, text or video. With a broad portfolio of GPS modules, chips, and software solutions together with wireless modules and solutions, u-blox can enable OEMs to develop innovative solutions quickly and cost-effectively. Headquartered in Switzerland and with global presence in Europe, Asia and the Americas, u-blox employs over 200 people. The company was founded in 1997, and is listed on the SIX Swiss Exchange.

Cognovo is a spin-off from the UK’s ARM Ltd. Cognovo’s software-defined modem platform enables the creation of flexible multi-mode devices capable of operating a dynamic mix of cellular modems and broadcast receivers. The platform delivers multi-mode products with silicon area and power consumption lower than the hardware designs which exist today and in a fraction of the time. Headquartered in Cambridge, UK, Cognovo has offices in Leuven, Belgium and sales representation in China, Korea, Japan and Taiwan.

RECENT ARTICLES

Garmin Enduro 2 ultraperformance smartwatch adds mapping, touchscreen and its longest-ever battery life

Posted on: August 11, 2022

Olathe, United States. 09 August, 2022 – Garmin International, Inc., a unit of Garmin Ltd., announced the Enduro-2 ultraperformance multisport GPS smartwatch. Purpose built for endurance athletes, the rugged yet lightweight Enduro 2 includes built-in TopoActive maps with multicontinent coverage, a superbright LED flashlight and Garmin’s exclusive SatIQ technology to help optimise battery performance. What’s more, enhanced

Read more

Newly upgraded FineShare FineCam! A smart virtual camera makes video production easier

Posted on: August 11, 2022

Los Angeles, United States. 08 August, 2022 – FineShare Co., Ltd. announced the latest version of FineShare FineCam – an AI-powered virtual camera software. To meet the expectations of customers, FineShare FineCam now is available for Mac and rolls out some brand new features including advanced adjustment, webcam overlay, branding templates, low light video booster, auto framing, etc.

Read more
FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, home automation using iot is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more

What is IoT?

Posted on: July 7, 2019

What is IoT Data as a new oil IoT connectivity What is IoT video So what’s IoT? The phrase ‘Internet of Things’ (IoT) is officially everywhere. It constantly shows up in my Google news feed, the weekend tech supplements are waxing lyrical about it and the volume of marketing emails I receive advertising ‘smart, connected

Read more
IoT Newsletter

Join the IoT Now online community for FREE, to receive: Exclusive offers for entry to all the IoT events that matter, round the world

Free access to a huge selection of the latest IoT analyst reports and industry whitepapers

The latest IoT news, as it breaks, to your inbox