Qorvo Announces Acquisition Of GreenPeak To Complement Its RF Portfolio

Monday morning that it has entered into an agreement to acquire GreenPeak Technologies, a privately-held provider of ultra-low power, short range RF communication technology. GreenPeak core-product,

, saw its shipments surpass the 100 million mark in 2015. Qorvo noted that its acquisition will add to its expertise in wireless RF technology and offers a broad range of antenna diversity and multiple receiver architecture technologies. The company added that GreenPeak offers superior robustness and best-in-class WiFi interference rejection with no latency. Qorvo added that following the acquisition it will expand its customer offering to include highly integrated RF solutions and systems-on-a-chip (SoCs) for the connected home and the Internet of Things (IoT) market. The transaction is expected to close in the current quarter and financial terms were not mentioned. 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." Cees Links, founder & CEO of GreenPeak Technologies, said, "Our team is excited to join Qorvo and continue our legacy of creating ultra-low power RF solutions for our customers. We believe Qorvo will be a great environment for the GreenPeak team to grow as part of a much larger company serving many more global customers."