Touch-technology specialist Atmel Corporation has announced a takeover of WiFi developer Ozmo in a move aimed partly at boosting its presence in the M2M sector.
The specific terms of the acquisition were not revealed, but Atmel (San Jose, USA) expects to finalize the transaction by the end of the year and says it will be accretive to its earnings in 2014.
Ozmo’s ‘WiFi Direct’ technologies are designed specifically for consumer electronics products that use smaller form factors and require longer battery life, such as gaming peripherals, HD audio speakers, portable audio headsets, digital thermostats, appliances and CE remotes.
Ozmo (Palo Alto, USA) claims that its WiFi systems offer developers an ultra-low power, cost-effective means of connecting fixed and portable peripheral devices with WiFi platforms.
“This acquisition accelerates Atmel’s strategy to provide complete solutions for products that will make possible the internet of things,” said Steve Laub, Atmel’s president and chief executive officer.
“As a leader in the WiFi Direct segment, Ozmo’s solutions are well positioned in this rapidly growing market. We look forward to supporting Ozmo’s existing customers, expanding sales of their WiFi Direct products through Atmel’s global sales channel and marketing network, and integrating their IP with existing Atmel microcontrollers to introduce even more compelling products,” he said.
According to market research, the overall wireless peripheral market is expected to ship 1 billion units by 2015, with unit sales of WiFi Direct technologies – the fastest-growing segment – increasing at a compound annual rate of more than 100% between now and 2015.