NXP Semiconductors has acquired Jennic, a leading developer of low power RF solutions for wireless applications in smart energy, environment, logistics and consumer markets. NXP paid approximately $12.2 million to acquire 100% ownership of Jennic shares, plus up to $7.8 million in additional consideration over the next two years if Jennic meets certain performance targets. Approximately 50 UK-based employees will transfer to NXP.
Jennic specializes in 802.15.4 and Zigbee low power RF solutions. The portfolio includes software stacks for Zigbee PRO, 6LowPAN and RF4CE. Applications include smart grid and metering, smart lighting networks, home and building automation and consumer remote controls solutions. Jennic is headquartered in Sheffield, UK.
NXP plans to integrated Jennic’s technology with its High Performance Mixed Signal products. Together, this provides NXP with a wireless semiconductor platform for emerging technologies including eMetering, smart lighting, building automation, asset tracking and device remote controls.
“Innovation in low-power wireless RF technology is driving significant demand for exciting new applications and usage models across a broad range of industries,” said Rick Clemmer, President and CEO, NXP Semiconductors. “The low power RF solutions for wireless applications which Jennic has developed have set a benchmark for driving down power performance. These also represent a great example of High Performance Mixed Signal technology, which together will enable us to jointly target attractive growth markets and offer a complete range of wireless semiconductor solutions.”http://www.nxp.com
http://www.jennic.com
