u-blox has announced the transfer of its cellular IoT module business to Trasna, a semiconductor and IoT solutions provider, in a move that will allow u-blox to focus on its core locate business while Trasna strengthens its IoT connectivity chip-to-Cloud offering in the OEM sector.
u-blox’s announcement a couple of months ago that it would be phasing out its cellular IoT business sent ripples through the industry as industry experts suggested stiff competition in cellular and a dip in revenues had been behind u-blox’s decision.
Trasna has committed to retain all employees, customers, and operations, strengthening its position as an IoT solutions provider as it offers end-to-end capabilities spanning semiconductor chip design, SIM and eSIM manufacturing, and Cloud-based remote SIM and device management services.
The cellular market, projected by IoT Analytics to grow at a CAGR of 15% until 2030, presents a significant opportunity for Trasna. This acquisition extends its market reach, especially in the metering, medical, and industrial IoT sectors, leveraging u-blox’s established relationships with OEMs and its global distribution network.
For u-blox, this divestment represents a strategic shift to focus on its high-growth positioning (GNSS) business, reinforcing its leadership in the market and delivering enhanced value to customers and shareholders.
“We are pleased that Trasna intends to acquire the cellular module division,” said Stephan Zizala, CEO of u-blox, “and we are confident that the transition of employees, customers, and partners will be seamless.”
“This deal propels Trasna into fifth gear in the IoT cellular market. By combining u-blox’s expertise in modems with Trasna’s semiconductor and IoT platform solutions, we are unlocking new synergies that drive innovation, efficiency, and a fully integrated IoT connectivity solution for our customers,” added Stéphane Fund, CEO of Trasna.
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