Espoo, Finland — 4 February — Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the sole financial advisor to Bluegiga on its sale to Silicon Labs, for a consideration of approximately $61 million in cash. The sale of Bluegiga, which offers market-leading wireless solutions to a wide variety of Internet-of-Things (IoT) applications and markets, further strengthens Mooreland’s position among the most active advisors to the electronics and industrial technologies sector.
Silicon Labs is a leading provider of silicon, software and system solutions for the Internet of Things, Internet infrastructure, industrial automation, consumer and automotive markets.
Bluegiga provides high-performance short-range wireless modules and integrated software stacks, developing and selling a range of feature-rich Bluetooth, Bluetooth Smart-Ready, Bluetooth Smart and Wi-Fi solutions for short-range connectivity applications across IoT. The Company’s products are integrated into a wide range of OEM products in multiple markets including industrial, commercial, consumer, automotive, retail (iBeacon and POS), residential and health & fitness. Bluegiga was founded in 2000 and is headquartered in Espoo, Finland, with offices in China and the US.