u-blox acquires SIMCom cellular module product line for $52.5M

u-blox acquired the cellular modem products, R&D team and customer base of SIMCom Wireless from SimTech Group for $52.5 million in cash, expanding its cellular module business.

“In an asset deal worth USD 52.5 million, u-blox is acquiring the company's cellular modem products, R&D team and customer base.”prnewswire.com

• 1 source
• prnewswire.comu-blox Acquires SIMCom Cellular Module Product Lineu-bloxJan 20, 2017

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