Japanese giant TDK has snapped up British company Grey Cell for an undisclosed sum, as revealed in Newswire yesterday.
The deal, according to David Heppe, managing director of TDK UK, will give his company access to a European design centre for GSM and networking technology.
He said: "We have filled the missing linking in our global strategy." The biggest advantage will come with the launch of a host GSM software product, he added.
That move is necessary because Intel wants telecommunications on PCs to be done in software rather than hardware, and YDK needs the vital GSM software stacks.
David Chao, former chairman of Grey Cell, will become head of technology of the company.
Although he refused to be drawn on how much the company was sold for, he said that its turnover in the last year was around the #2 million mark.
He said: "This takes us into the next league. The financial resources of TDK provide us with the opportunity to take our technology to market in a way which otherwise would not have been possible."
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