NXP acquires Quintic’s BLE & wearable businesses

24th February 2015

Nat Bowers

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NXP Semiconductors has completed its acquisition of Quintic’s BLE and wearable businesses, enhancing its ultra-low power RF-connectivity solutions key to the IoT.

NXP's NFC, Zigbee and BLE products paired with MCUs and security solutions provide customers a complete range of technologies to develop smarter, secure connections in wearables, mobile devices and connected cars.

Asit Goel, General Manager and Senior Vice President, Secure Monitoring & Control, NXP Semiconductors, commented: “Since announcing the transaction with NXP in November, Quintic has gained further traction with wearables, consumer health and mobile customers. We have already seen significant share gains in the BLE market, with 400-500% revenue growth in 2015 versus last year. Meanwhile we are also developing significant adjacent opportunities for the combined portfolio in the gaming, healthcare, secure access and automotive sectors. With NXP’s strength in ultra-low power MCUs and security, and our global sales and distribution reach, we expect the business to become a true leader in its market.”

Through this acquisition NXP adds approximately 65 world class engineers located in China (Beijing, Shenzhen, Shanghai) and Sunnyvale, CA who will work closely with the existing NXP engineering teams to develop next-gen connectivity solutions. Significant IP assets, including more than 60 US and Chinese patents, are included in the transaction.