Mooreland Partners has acted as the sole financial advisor to Bluegiga on its sale to Silicon Labs.
The acquisition of Bluegiga, which offers market-leading wireless solutions to a wide variety of Internet of Things (IoT) applications and markets, further strengthens Mooreland's position among the most active advisors to the electronics and industrial technologies sector.
"The Bluegiga transaction confirms that IoT continues to be a highly strategic area," says Peter Globokar, Managing Director in Mooreland's European office.
“This is also an important transaction that sees a leading semiconductor vendor invest in the IoT module arena," adds Charlie Bullock, Managing Director in Mooreland's Silicon Valley office.
Bluegiga provides high-performance short-range wireless modules and integrated software stacks, developing and selling a range of feature-rich Bluetooth, Bluetooth Smart-Ready, Bluetooth Smart and Wi-Fi solutions for short-range connectivity applications across IoT. The Company's modules and proprietary software stacks combine seamlessly, resulting in easy-to-use products that have been rapidly designed-in and used by over 1,500 customers historic and current worldwide, many of them global tier-1 OEMs. Bluegiga's products are integrated into a wide range of OEM products in multiple markets including industrial, commercial, consumer, automotive, retail (iBeacon and POS), residential, and health and fitness. Bluegiga was founded in 2000 and is headquartered in Espoo, Finland, with sales offices in China and the US.