Nordic Announces Acquisition of UWB Specialist Novelda
Nordic Semiconductor, a leading Norwegian wireless chip manufacturer, has agreed to acquire fellow Norwegian company Novelda, a specialist in ultra-wideband (UWB) technology, for an undisclosed amount. Both companies have signed a Letter of Intent (LOI), with the acquisition subject to satisfactory due diligence, final board approval, and other conditions. The due diligence process is expected to be completed by the end of November.
Novelda has built a solid reputation in UWB technology, particularly in early-stage commercial applications. Its expertise lies in using UWB radio frequency for sensing, such as occupancy detection, which complements Nordic's leadership in low-power wireless communication.
Founded in 2004, Novelda is dedicated to developing the world’s most accurate, intelligent, and reliable human presence detection sensor solutions. Its UWB short-range pulse radar sensors enable enhanced user experiences and interactivity in various indoor applications, including consumer electronics and smart building systems. The company’s technology complies with global UWB regulations and is protected by multiple patents.
Nordic Semiconductor, renowned for its focus on wireless communication technology and the Internet of Things (IoT), offers a range of industry-leading Bluetooth LE SoCs that support low-power IoT applications. Its portfolio includes low-power wireless devices for cellular IoT, Bluetooth LE, Bluetooth mesh, Thread, Zigbee, and Wi-Fi. Nordic's solutions are widely used in home automation, smart lighting, wireless PC peripherals, gaming, sports and fitness, mobile accessories, consumer electronics, healthcare, and industrial automation.
Nordic Semiconductor is committed to driving wireless innovation with its high-performance, easy-to-design wireless technology. The company provides comprehensive development tools, software, and professional support, including PCB and antenna layout guidelines, enabling customers to develop reliable products efficiently.
