Silicon Labs has bought Bluegiga Technologies in a cash deal which values the Finnish connectivity specialist at around $60million. According to Silicon Labs, the strategic acquisition expands its wireless hardware and software solutions for the IoT.
"With Silicon Labs' wireless, microcontroller and sensor portfolios gaining considerable traction in the IoT markets, the timing of this acquisition couldn't be better," claimed Silicon Labs' CEO Tyson Tuttle. "Bluegiga's wireless modules and software stacks round out our wireless portfolio and complement our IoT solutions. The addition of Bluegiga wireless modules gives us new ways to deliver simplicity to our customers, enabling developers to easily add wireless connectivity to their designs."
Bluegiga develops Bluetooth and Wi-Fi modules, software stacks and development tools that are said to complement Silicon Labs' 802.15.4 ZigBee and Thread mesh networking software, along with its low power sub GHz solutions, and wireless MCU and transceiver products.
"The Bluegiga team is excited to join forces with Silicon Labs," said Riku Mettälä, Bluegiga's vice president of product creation. "Together, our wireless development teams will drive innovation in the IoT market, and our unified solutions will give customers a rich choice of wireless platforms for connected devices."
Silicon Labs will continue to use Bluegiga's Espoo base as a centre of excellence for wireless hardware and software technology development.