Partner with usThis website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Nordic agrees to buy UWB specialist Novelda
October 18, 2024
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.
Sign up for HardwareBee
Recent Stories
