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Nordic agrees to buy UWB specialist Novelda

Nordic agrees to buy UWB specialist Novelda

Business news |
By Peter Clarke



Wireless chip vendor Nordic Semiconductor ASA (Trondheim, Norway) has agreed to buy fellow Norwegian and UWB specialist chip company Novelda AS (Oslo, Norway) for an undisclosed sum.

The parties have signed a Letter of Intent (LOI) and the acquisition is subject to satisfactory due diligence, final board approval and certain other conditions.

Novelda’s experience is in using ultra-wideband RF for sensing, such as occupancy detecton, and is complementary to Nordic’s position in low-power wireless communications.

The due diligence processes is planned to be concluded by the end of November.

Related links and articles:

www.nordicsemi.com

www.novelda.com

News articles:

Seat occupancy detection added to Novelda UWB in-cabin sensor

Novelda raises $12 million, changes CEO

UWB human sensor uses impulse radar to improve reliability

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