Analysis
Acquisition expands u-blox’ reach in the US CDMA wireless markets
u blox announces the acquisition of San Diego based Fusion Wireless, a provider of CDMA wireless modules for consumer and M2M applications in North America.
The Key terms of the transaction include:
Technology and modules in the area of CDMA wireless technology in several form factors
Integration of the Fusion Wireless business into u-blox’ existing activities to leverage and further strengthen the mutual commercial activities as well as capitalize on technological synergies
CDMA2000 is a mobile telephone standard deployed extensively in the US, and has the highest number of subscribers. It includes high-speed data channels that are used for consumer devices such as notebooks and tablet computers, as well as lower data transmission rates for machine-to-machine applications such as remote metering, remote monitoring and control, fleet management, point-of-sales terminals and remote patient monitoring systems.