The terms of the transaction was not disclosed.
Trading under the New York Stock Exchange symbol STM, ST Microelectronics announced two acquisitions today, Ultra Wide Band specialist BeSpoon and the cellular IoT connectivity assets of Riot Micro.
After closing of the two transactions, ST will further strengthen its offer for wireless connectivity and, in particular, the roadmap for its STM32 micro-controllers and secure MCUs.
Headquartered in Vancouver with R&D offices in Waterloo, Geneva and Cairo, Riot Micro designs cellular IoT solutions by applying proven design techniques from Bluetooth Low Energy (BLE) and Wi-Fi to LTE Cat-M and NB-IoT to optimize system cost and power.
The integration of cellular communication capabilities into the STM32 portfolio will strengthen ST’s offer for customers developing applications such as asset tracking, metering, and fleet management services.
“At ST we work to offer our customers the products and solutions they need in order to address their opportunities and challenges. Cellular IoT and UWB technologies are key wireless connectivity solutions that will enable a next wave of IoT connected objects and innovative applications,” said Claude Dardanne, President, Microcontrollers and Digital ICs Group, at STMicroelectronics.
“These acquisitions complement ST’s existing wireless microcontroller offer which includes Bluetooth 5.0 and IEEE 802.15.4 communication protocols as well as the world’s first LoRa®-enabled System-on-Chip. Wireless microcontrollers are part of our STM32 product offer of over 1000 different devices and with over six billion parts shipped to customers. With these acquisitions, we will address all wireless IoT communication protocols.”