# Nordic Semiconductor signs LOI to acquire Novelda

Nordic Semiconductor has signed a Letter of Intent to acquire Norwegian ultra-wideband wireless technology company Novelda AS for an undisclosed sum, subject to due diligence and board approval.

- Type: Acquisition
- Announced: 2024-10-16
- Where: Oslo, Norway, Norway
- Status: announced
- Products: ultra-wideband wireless technology
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Nordic Semiconductor](https://endata.com/companies/20097.md) (acquirer)
- [Novelda](https://endata.com/companies/80464.md) (target)

## Sources

- [live.euronext.com](https://live.euronext.com/en/products/equities/company-news/2024-10-16-nod-nordic-semiconductor-asa-signs-loi-potential), 2024-10-16: "Nordic Semiconductor has signed a Letter of Intent (LOI) to acquire the Norwegian ultra-wideband wireless technology company Novelda AS for an undisclosed sum."
- [eenewseurope.com](https://www.eenewseurope.com/en/nordic-agrees-to-buy-uwb-specialist-novelda/), 2024-10-18: "Novelda’s experience is in using ultra-wideband RF for sensing, such as occupancy detection, and is complementary to Nordic’s position in low-power wireless communications."

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