Huawei has acquired Cambridge-based wireless specialist Neul in a move to bolster its technology portfolio for the nascent Internet of Things (IoT) market segment.
The China-based telecommunications giant said in a statement that it has acquired Neul in order to gain better access to the market for the Internet of Things. Full details of the acquisition have not been disclosed, although Business Weekly reported that the deal was worth $25m.
A statement from Huawei said: "Huawei has recently acquired Neul, an advanced Internet of Things (IoT) research and development facility in UK. The acquisition of Neul gives Huawei improved access to the growing and exciting market in the IoT, which enables advanced connectivity of machines, devices, systems and services under a variety of applications."
Neul's chief claim to fame is its leading role in developing and marketing the Weightless wireless-communications standard. This is a wide-area networking (WAN) technology designed specifically for the Internet of Things, and is claimed to offer superior coverage, battery life and cost benefits when compared with existing WAN technologies operated by mobile phone networks.
The move by Huawei demonstrates that many of the key players in the communications and IT market are beginning to see the Internet of Things as a growth area and a major opportunity.
A spokesperson for Huawei told V3 that the company intended to retain all Neul staff and operate the firm as an independent but wholly-owned subsidiary of Huawei.
"There is some very interesting stuff that [Neul] is working on in terms of both hardware and software solutions in regard to the Internet of Things, and we wanted to acquire that expertise," the spokesperson said.
"We consider the Internet of Things to be a market that has huge potential for growth."
The Weightless technology is currently being utilised in a test bed Internet of Things deployment in Milton Keynes, as part of an initiative led by BT and Neul that was announced in May.
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