We are delighted to have advised Telegesis (UK) Limited on their sale to Silicon Laboratories Inc.
Telegesis was established in 1998 and has worked with the ZigBee protocol for over 10 years, designing and manufacturing ZigBee modules on the Ember Silicon Labs platform.
In this time, Telegesis has shown strong growth and has built up a loyal customer base and international distribution network.
Telegesis exclusively uses Silicon Labs' ZigBee technology in its module products which are deployed in smart meters, USB adapters and gateways for smart energy applications, home automation, connected lighting, security and industrial automation.
The strategic acquisition accelerates Silicon Labs' roadmap for ZigBee and Thread-ready modules. As strategic partners Telegesis' leadership in the ZigBee module market complements Silicon Labs' 11 years of experience in developing, certifying and shipping standards-based mesh networking solutions.
We engaged with the venture capital and management shareholders to deliver a transaction which met the objectives of all the stakeholders.
In a targeted process, we progressed the deal opportunity with Silicon Labs, recognising the strong strategic fit, their pre-existing relationship, and appetite for the transaction.
The process was efficiently managed to complete the transaction within the schedule and financial targets set by both companies.