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Components | July 05, 2012

Toumaz acquires Frontier Silicon

Toumaz Limited has agreed to acquire Frontier Silicon for a maximum consideration of up to £32.3 million.
Anthony Sethill, CEO of Toumaz, commented:

“This acquisition is consistent with our strategy for providing ultra-low power, high performance wireless communications across the healthcare, fitness and consumer electronics markets.

“Bringing these two innovative UK technology companies will enable the enlarged Group to exploit the strengths and opportunities of both businesses. Our wireless solutions have huge potential and combined with the software systems, commercial expertise and tier one customer access of Frontier, will create a significant total solution provider for the wireless communications market.

“This acquisition will also enable us to strengthen our commercial presence and provides us with essential engineering and R&D resource, allowing Toumaz to accelerate its profitable expansion towards becoming the global leader in complete wireless platforms.”

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