# 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.

- Type: Acquisition
- Announced: 2017-01-20
- Where: Thalwil, Switzerland, Switzerland
- Value: $52.5M
- Jobs: 150
- Status: announced
- Products: cellular modules, 2G/3G/4G products
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [u-blox](https://endata.com/companies/21597.md) (acquirer)
- [SimTech Group Company Ltd.](https://endata.com/companies/21598.md) (target)
- [SIMCom Wireless](https://endata.com/companies/21599.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/u-blox-acquires-simcom-cellular-module-product-line-611360525.html), 2017-01-20: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.