GreenPeak, based in the Netherlands, works in ultra-low power, short range RF communications technology. Combined with North Carolina-based Qorvo’s core technologies and RF solutions, this will enable Qorvo to leverage more highly integrated RF systems and systems-on-a-chip.
This will also help them expand their business further into the connected home and Internet of Things markets, both of which are growing as companies look for new ways to leverage connected devices.
IoT markets including 802.15.4 (ZigBee) and Bluetooth Low Energy (BLE) technology are expected to grow to $2.3 billion by 2020, with increased use of ultra-low power wireless data communication SoCs in HVAC, security, and home health.
Qorvo itself was formed out of a merger of two companies, RFMD and TriQuint. The acquisition of GreenPeak is predicted to be completed in the current quarter, GreenPeak said in a press release.
“We believe Qorvo will be a great environment for the GreenPeak team to grow as part of a much larger company serving many more global customers,” said Cees Links, founder and CEO of GreenPeak.
GreenPeak will be folded into Qorvo’s Infrastructure and Defense Products (IDP) group. Group president James Klein said, “GreenPeak brings a world-class technical team and solutions to Qorvo, allowing us to increase our presence in the rapidly expanding IoT market.”
Filed Under: M2M (machine to machine)