Nordic Semiconductor

M&A Activity • Oct 16, 2024

NOD: Nordic Semiconductor ASA signs LOI for potential acquisition of Novelda AS

NOD: Nordic Semiconductor ASA signs LOI for potential acquisition of Novelda AS

(Oslo, Norway, October 16, 2024)

Nordic Semiconductor has signed a Letter of Intent (LOI) to acquire the Norwegian ultra-wideband wireless technology company Novelda AS for an undisclosed sum. The potential acquisition is subject to satisfactory due diligence, final board approval and certain other conditions.

Novelda has built a strong technology position in ultra-wideband, which is complementary to Nordic’s world leading wireless technologies. The company is in an early commercial phase.

The due diligence processes will start immediately and is planned to be concluded no later than by the end of November.

For further information, please contact:

Pål Elstad, CFO, Nordic Semiconductor ASA, phone: +47 991 66 293

Ståle “Steel” Ytterdal, SVP IR, Nordic Semiconductor ASA, phone: +47 930 37 430

About Nordic Semiconductor:

Nordic Semiconductor has been a pioneer in ultra-low power wireless solutions, from proprietary technologies for PC accessories to today’s Bluetooth low energy and multiprotocol products and long-range cellular IoT solutions. Nordic Semiconductor is the clear market leader in the ultra-low power wireless segment, serving a growing market in consumer electronics, wearables, building and retail, healthcare and an increasing number of other verticals and applications. Nordic Semiconductor (NOD) is a public company listed on the Oslo stock exchange in Norway.