Austin-based Silicon Labs announced Monday it has acquired Telegesis, a privately-held supplier of wireless mesh networking modules, for approximately $20 million.
Telegesis, founded in 1998 in High Wycombe, England, outside of London, uses Silicon Labs’ ZigBee technology in its smart meters, USB adapters and other products. Other applications include home automation, connected lighting, security and industrial automation.
The acquisition of Telegesis lets Silicon Labs accelerate its roadmap for ZigBee and Thread-ready modules. It also improves the company’s customer service.
“The addition of Telegesis’s successful module business strengthens Silicon Labs’ position as the market leader in mesh networking solutions for the Internet of Things,” James Stansberry, senior vice president and general manager of Silicon Labs’ IoT products, said in a news statement.
“The Telegesis team is truly excited to become an integral part of Silicon Labs,” Ollie Smith, director of business development at Telegesis said in a statement. “Together, our hardware and software engineering teams will drive innovation in wireless mesh networking while giving customers a flexible choice of module and SoC-based designs leveraging both ZigBee and Thread technology.”
Telegesis has 20 employees who will join Silicon Labs’ staff of 1,100. Silicon Labs’ stock, traded under the symbol SLAB on the Nasdaq Stock Exchange, closed down almost two percent on Monday at $51.38.
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