Strategic partnerships and acquisitions
Augmenting our expertise with that of others has helped us continually grow our company and meet our markets’ technological demands. Where this helps further our strategic goals, we will continue to partner with complementary businesses and research institutions and acquire companies and intellectual property. We value our partnerships with Kudelski and Sapcorda, and with the acquisition in 2020 of the Thingstream business, we significantly expanded our IoT services offering. The successful integration of Rigado’s Bluetooth modules business, acquired in 2019, has resulted in further value to our customers where we gained additional access within the consumer applications, medical device and exercise equipment markets. Such strategic action drives u‑blox’s longterm growth and ensures future organic growth.