Inpixon has entered into a definitive agreement to acquire Nanotron Technologies GmbH, a company with experience delivering proximity awareness and collision avoidance technology in mining.
The $8.7 million transaction is expected to increase Inpixon revenues by over $5 million on an annual basis and to be accretive, it said.
Nanotron, headquartered in Berlin, Germany, has established itself over the past two decades as a leading provider of innovative IoT solutions for real-time location systems (RTLS) and indoor and outdoor positioning solutions using both industry-standard technologies, such as ultra-wideband (UWB), and patented proprietary wireless communication technologies, such as Chirp Spread Spectrum (CSS).
Inpixon believes this acquisition is transformational for the company due to several factors, including, that it will:
- Strengthen and expand Inpixon’s product portfolio and capabilities for UWB, RTLS, and 2.4 GHz CSS, increasing precision and decreasing latency to locate assets and people in real-time;
- Expand Inpixon’s intellectual property portfolio, including patents covering its symmetrical double-sided two-way ranging licensed by Decawave;
- Expand Inpixon’s user base. Nanotron cites that it has more than 500 deployments to date, including several large-scale deployments monitoring tens of thousands of anchors and tags;
- Deepen Inpixon’s geographic presence in regions outside of North America including Europe, Asia, Africa, South America and the Middle East;
- Expands Inpixon’s partner relationships with marquee distribution and technology partners, such as Arrow Electronics, DigiKey and Decawave;
- Enhance the company’s ability to design proprietary sensor systems, including chips and multifunctional sensor systems for various industries; and
- Broaden Inpixon’s industry coverage with construction, manufacturing, mining, autonomous vehicles, and livestock, plus expand use cases including live positioning, asset tracking, collision avoidance, man-down and worker safety.
Nadir Ali, CEO of Inpixon, said: “Nanotron’s first-in-class products, patents, and other assets significantly enhance our overall Indoor Intelligence™ platform. Through this acquisition, we are adding one of the foremost engineering teams in the industry – a pioneer in the development of location-based technologies. Through the integration of technologies, we look forward to providing seamless integration across both indoor and outdoor positioning applications.”
Soumya Das, Chief Operating Officer of Inpixon, said: “Nanotron’s Chirp technologies are unique and give Inpixon a formidable offering for tag tracking in the 2.4 GHz ISM band, with accuracy to the one-meter level and up to five hundred meter in range. The 30 cm accuracy offered by UWB is essential to helping our large enterprise and government customers address some particularly tough challenges. Additionally, nanotron’s tag-to-tag communication methodologies can be incorporated into Inpixon’s Workplace Readiness solutions for advanced social distancing and contact tracing capabilities to help businesses reopen safely.
“We intend to leverage nanotron’s established global customer base, as well as their extensive system integrator and reseller relationships, in order to expand our customer reach, as well as to provide significant cross-selling and up-selling opportunities.”