U-blox said that the acquisition will give it ownership of advanced protocol stacks that are licensed to chipset vendors whose products are incorporated in 4G user equipment. Also a variant of the products is licensed to manufacturers of 4G test equipment.
4M Wireless was founded in 2006 and has headquarters in the UK and operations in Lahore, Pakistan's center for technology and higher education. The company has been profitable over the past 3 years.
"4M Wireless adds leading edge know-how in the area of next-generation wireless technology that will operate over 4G networks worldwide" said Thomas Seiler, CEO of u-blox. "Their proven software and test solutions and impressive customer list also brings u-blox immediate new licensing revenues in Europe, Asia and America".
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