Qorvo (an American-based provider of core technologies and RF solutions for mobile, infrastructure and defense applications) signs to acquire privately-held GreenPeak Technologies, a leader in ultra-low power, short range RF communication technology who celebrated the shipment of its 100 millionth ZigBee chip to the smart home market in 2015.
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).
James Klein, president of Qorvo’s Infrastructure and Defense Products (IDP) group, said, “The acquisition of GreenPeak Technologies will complement Qorvo’s market-leading high power RF portfolio with innovative ultra-low power, short-range wireless personal area network (WPAN) SoCs, ZigBee and Bluetooth solutions. GreenPeak brings a world-class technical team and solutions to Qorvo, allowing us to increase our presence in the rapidly expanding IoT market.”
According to research firm Gartner, smart home networking and IoT markets addressed by 802.15.4, ZigBee and Bluetooth Low Energy (BLE) technology should grow to $2.3 billion by 2020; and related smart markets such as retail, agriculture, automotive, lifestyle and commercial lighting are expected to grow to $4.9 billion by 2020.
Beyond smart home networking, demand is growing to connect a variety of devices including HVAC, energy, security, home health, and remote controls utilizing innovative ultra-low power wireless data communication SoCs.
GreenPeak will become part of Qorvo’s IDP group and will still be headed by Cees Links.