U-Blox acquires Rigado Bluetooth module business
August 7, 2019
Swiss connectivity company U-Blox has acquired Oregon-based Rigado’s Bluetooth modules business so it can extend its Bluetooth product offering and add access to more sales channels and market segments.
U-Blox has acquired the modules business in an asset purchase agreement. Rigado is a provider of edge-as-a-service gateways for commercial IoT, and began offering certified wireless modules in 2015.
This acquisition will allow U-Blox to extend its range of products in the area of Bluetooth Low Energy, Zigbee and Thread, as well as access additional market segments and channels. The combined short-range radio offering adds modules targeting consumer-oriented markets, such as sport and fitness, while Rigado’s existing customers will get access to all U-Blox wifi, cellular and positioning products for their IoT applications.
In addition, Rigado’s customers will get access to U-Blox’s global support capabilities.
“Rigado’s Bluetooth modules business complements our already extensive portfolio and gives us access to more channels and new interesting customers in the area of smart home, wearables, as well as fitness,” said Herbert Blaser from U-Blox. “We’re also looking forward to the ongoing collaboration with distribution partners like Digi-Key or Future Electronics, where we’ll be able to offer a seamless transition.”
Ben Corrado, former CEO of Rigado, will become part of U-Blox’s short-range radio product strategy team. With him, other key staff of Rigado’s modules division have also joined U-Blox, while the existing Rigado office in Salem, Oregon, will become the North American short-range radio engineering centre for U-Blox.
“We’re very proud of both our market-leading modules division and Rigado’s fast-growing edge infrastructure gateway business,” said Greg Rau, president of Rigado. “The value we capture from the acquisition of the modules division will allow us to further accelerate Rigado’s growth in the gateway market, especially in key areas such as smart building and asset tracking.”
The Rigado Bluetooth modules portfolio will be re-branded under the U-Blox name and integrated into its short-range radio offering.
Founded in 2010, Rigado’s edge-as-a-service offerings power more than 300 global users and five million connected devices across commercial IoT applications such as asset tracking, smart lighting, sensing and monitoring in markets such as smart workplaces and connected retail and logistics.
Rigado is headquartered in Portland, Oregon, with offices in London and China.