Wavecom, a leader in embedded wireless communications platforms for automotive, industrial (machine-to-machine) and mobile professional applications, and Sony Ericsson Mobile Communications, have signed a 32,5 million Euro deal wherein Wavecom will acquire Sony Ericsson's M2M Communications Business Unit, which specialises in automotive and industrial wireless solutions.
This business unit includes the new GX64 GSM/GPRS product family, the GX47/48 GSM/GPRS product family, the CM42/52 CDMA/1xRTT product family, as well as the company's global assets and activities in M2M research and development, marketing, and sales. The transaction does not include, however, any assets or activities related to Sony Ericsson's mobile phones, accessories, or PC card business, which will remain a part of Sony Ericsson.
Commenting on the transaction, Ron Black, Wavecom CEO, says; "This event marks the first consolidation of two major players in the wireless M2M space. It will strengthen the industry and should accelerate the adoption of industry standards which are needed to stimulate overall market growth.
"Going forward we will be integrating Sony Ericsson's M2Mpower software suite into our Open AT software suite, which we believe is already becoming the standard for automotive and industrial wireless solutions," he adds.
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A brief synopsis of current global news relating to the electronic engineering fields with regards to company finances, general company news, and engineering technologies.
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