M&A: STMicroelectronics to acquire UWB specialist BeSpoon and cellular IoT connectivity assets of Riot Micro
Acquisitions strengthens ST’s 32-bit MCU portfolio featuring wireless connectivity
STMicroelectronics (ST) has announced two acquisitions to strengthen the wireless connectivity capabilities of its STM32 microcontrollers (MCUs), the company said in a press release on 16 July. ST has reached an agreement to acquire the entire share capital of BeSpoon, a France-based company specializing Ultra-Wide Band (UWB) communication technology, from its majority shareholder TRUMPF and from its founders. ST and TRUMF have agreed to enter into a strategic partnership for UWB tracking technology.