M&A Deal Summary

Sumitomo Acquires Origin Wireless

On March 25, 2020, Sumitomo acquired technology hardware company Origin Wireless

Acquisition Highlights
  • This is Sumitomo’s 1st transaction in the Technology Hardware sector.
  • This is Sumitomo’s 10th transaction in the United States.
  • This is Sumitomo’s 1st transaction in Maryland.

M&A Deal Summary
Date 2020-03-25
Target Origin Wireless
Sector Technology Hardware
Buyer(s) Sumitomo
Deal Type Add-on Acquisition

Target

Origin Wireless

Greenbelt, Maryland, United States
Origin Wireless, Inc. is a developer of advanced wireless sensing technologies for various “Smart Life” applications. Origin Wireless is based in Greenbelt, Maryland.

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Buyer(S) 1

Buyer

Sumitomo

Tokyo, Japan
Category Company
Founded 1919
Sector Distribution
Employees74,920
Revenue 5.50T JPY (2022)
DESCRIPTION

Sumitomo is a global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment. Sumitomo was founded in 1919 and is based in Tokyo, Japan.

DEAL STATS #
Overall 36 of 46
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 18 of 24
State (Maryland) 1 of 1
Country (United States) 10 of 13
Year (2020) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 DocDoc

Singapore, Singapore

DocDoc is a data-enabled digital-first health insurance ecosystem with its doctor discovery engine and digital claims processing engine. DocDoc’s patient intelligence and knowledge graph-based doctor discovery engine matches end-users with the most appropriate doctors across Asia and the Middle East. DocDoc is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-20 OneSky Systems

Exton, Pennsylvania, United States

OneSky Systems, Inc. develops UAS traffic management systems, which establish safe flight paths to prevent collisions between UAVs. This kind of traffic management requires more advanced technical capabilities than traditional aircraft control systems. OneSky Systems was formed in 2015 and is based in Exton, Pennsylvania.

Buy -
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