Thalwil, Switzerland, Aug. 1, 2019: u‑blox,a company’s that’s into providing positioning and wireless communication technologies, today said it had acquired Rigado’s Bluetooth modules business in an Asset Purchase Agreement.
Rigado is a provider of Edge‑as‑a-Service gateway solutions for commercial Internet of Things (IoT), and had started offering certified wireless modules in 2015.
u-blox said in an announcement on its Website that the acquisition “will allow it to extend its range of products in the area of Bluetooth low energy, Zigbee and Thread, as well as to access additional market segments and channels.”
The combined short range radio offering adds new modules targeting consumer‑oriented markets, for instance sport and fitness, while Rigado’s existing customers will get access to all u‑blox Wi‑Fi, cellular, and positioning solutions for their IoT applications. In addition, Rigado’s customers will benefit from u‑blox’s global support capabilities.
Under the new plan, Ben Corrado, former CEO of Rigado, will be part of u‑blox’s Short Range Radio product strategy team. With him, other key staff of Rigado’s modules division have also joined u‑blox, while the existing Rigado office in Salem (OR) will be the North American Short Range Radio Engineering Center for u‑blox.
The Rigado Bluetooth modules portfolio will be re‑branded under the u‑blox name and integrated into the short range radio offering.
Image Credit: u-blox