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Internet of things vendor Sequans Communications said it purchased ACP Advanced Circuit Pursuit in its efforts to chase the 5G RedCap sector. #pressrelease
January 21, 2025
Sequans Communications S.A. (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, today announced the acquisition of ACP Advanced Circuit Pursuit AG ("ACP"), a Zurich-based company recognized for its robust IP portfolio and expertise in RF CMOS technology.
The acquisition strengthens Sequans' technology leadership in 5G eRedCap development and accelerates its time-to-market for next-generation IoT chips. In addition, ACP's proven radio technology and successful track record in selling its technology across various wireless market segments are expected to create new growth opportunities for Sequans.
The acquisition brings a small, highly skilled team to Sequans with minimal impact on the company’s planned operating expenses for 2025. The acquisition is expected to generate modest revenue in 2025 and potentially contribute several million dollars in 2026 through ACP's existing customer relationships.
Read the full press release here.
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