Qualcomm Incorporated has completed the acquisition of Sequans Communications S.A.’s 4G IoT technology through its subsidiary, Qualcomm Technologies, Inc.
This strategic acquisition expands Qualcomm’s portfolio of industrial IoT solutions, enhancing its capabilities in providing reliable and optimised cellular connectivity for a wide range of IoT applications.
Nakul Duggal, Group General Manager of Automotive, Industrial, Embedded IoT, and Cloud Computing at Qualcomm Technologies, Inc., commented: “We are pleased to add Sequans’ 4G IoT technology into Qualcomm’s broad product portfolio, adding to our robust, low-power solutions for dependable and optimised cellular connectivity for industrial IoT applications. This acquisition supports our commitment to delivering cutting-edge IoT solutions and strengthens our position as a leader in intelligence at the edge.”
Georges Karam, CEO of Sequans, expressed excitement about the transaction, stating: “We are thrilled to finalise this transaction with Qualcomm and to retain a perpetual license to continue using, commercialising, and advancing these technologies. It validates the strength of our technology and ensures that our customers will continue to receive top-tier support on our 4G portfolio and cutting-edge 5G innovation from Sequans. The asset sale is set to deliver significant benefits to our customers. With a robust balance sheet, proven technology, and a comprehensive portfolio that includes low-power LTE-M/NB-IoT, LTE Cat 1bis, and the upcoming 5G RedCap/eRedCap technology, Sequans is very well positioned in the market. Supported by a seasoned team dedicated to cellular IoT, Sequans is set to provide best-in-class IoT products and services.”
Qualcomm Technologies plans to integrate Sequans’ 4G IoT technology into its existing suite of connectivity solutions, further expanding its capabilities in IoT and enhancing its offerings for industrial and embedded applications.
