10 05 2016

Qorvo to acquire IoT solution provider GreenPeak Technologies

Qorvo, a leading provider of core technologies and RF solutions for mobile, infrastructure and defense applications, has signed a definitive agreement to acquire privately-held GreenPeak Technologies, a leader in ultra-low power, short range RF communication technology.


The acquisition of Netherlands-based GreenPeak will allow Qorvo to expand its customer offering to include highly integrated RF solutions and systems-on-a-chip (SoCs) for the connected home and the rapidly growing Internet of Things (IoT). The transaction is expected to close in the current quarter, subject to customary closing conditions. Wells Fargo Securities, LLC served as financial advisor to GreenPeak in connection with the transaction. GreenPeak Technologies is an award winning fabless semiconductor/system company and one of the world's recognized leaders in the IEEE 802.15.4 and ZigBee market with a rich offering of semiconductor products and software technologies for Smart Home data communications and the IoT. Jones Day has advised Gimv, Draper Esprit, Robert Bosch Venture Capital, Gimv Arkiv Technology Fund and other shareholders on the sale with a team led by Amsterdam-based Of Counsel Floris Pierik. Involved fees earner: Floris Pierik - Jones Day;

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