Swissbit Holding AG is the only independent European maker of industrial memory systems such as SD and microSD memory cards, SSD hard disks and USB memory modules as well as hardware-based security solutions for applications in the Internet of Things (IoT).
The purchase of Hyperstone GmbH from CML Microsystems in the UK still has to be approved by the regulators. Hyperstone's existing management team around Managing Director Dr Jan Peter Berns will invest in the group as part of the transaction and will hold a minority stake.
Joint development projects will focus on adding security to embedded IoT chip designs says Swissbit. This includes the design and development of products and modules and the integration of applicable security components such as Secure Elements, NAND flash memory and controllers, through to secure production in its manufacturing facility in Berlin, Germany.
"The acquisition forms an integral part of our growth strategy,” said Silvio Muschter, CEO of Swissbit. “Digitalization and increased connectivity of devices in the Internet of Things are driving the demand for secure, high-quality storage products from our memory division and security solutions from our Embedded IoT division. The most valuable asset is data. At Swissbit we see it as our key responsibility to store and protect this data reliably. With the acquisition of Hyperstone, we are not only strengthening and deepening our value chain, but also our technology chain. This will be of great benefit to customers who are looking for a trustworthy provider of highly reliable security products "Made in Germany" for demanding applications."
Hyperstone will continue to provide controllers, firmware and reference designs to module suppliers and disk-on-board integrators around the world. "With Swissbit as an investor we are gaining a partner with a deep understanding of our markets and technologies. Based on this knowledge Hyperstone will be supported to invest, operate and grow independently in our market. All our customers will benefit from new products and