Swissbit Holding AG, a worldwide operating leading manufacturer of flash storage and security solutions for industrial applications, has acquired Hyperstone GmbH, a leading provider of flash memory controllers, from CML Microsystems Plc. With this participation, Swissbit is deepening its added value and technological competence. It is also expanding its position as an independent European manufacturer of storage and security products. The parties have agreed not to disclose the volume of the transaction.
Hyperstone designs and develops high-quality, innovative semiconductor solutions. The products are used in the production of industrial, embedded automotive and global data storage applications. The company was founded in 1990 and is a fabless NAND flash memory controller company enabling safe, reliable and secure storage systems. With a focus on industrial solutions, the company strives to be the key component in world-class products for industrial, embedded, automotive and global data storage applications.
Swissbit was created through a management buyout from Siemens Semiconductor in 2001 with subsidiaries in Switzerland, Germany, USA, Japan and Taiwan. The company develops and produces industrial storage and security products “Made in Germany” with the highest level of reliability, long-term availability and customer-specific optimization. Swissbit is the only independent provider of storage products and embedded IoT solutions for demanding applications in Europe. The focus of joint development projects by Swissbit and Hyperstone is on innovative solutions in the attractive growth market for security and embedded IoT.
taxess advised the buyers on tax and structural matters.