Divestiture • Automotive

WiTricity Acquires Qualcomm - Qualcomm Halo

On February 11, 2019, WiTricity acquired automotive company Qualcomm - Qualcomm Halo from Qualcomm

Acquisition Context
  • This is WiTricity’s 1st transaction in the Automotive sector.
  • This is WiTricity’s 1st transaction in the United States.
  • This is WiTricity’s 1st transaction in California.

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M&A Deal Summary

Date February 11, 2019
Target Qualcomm - Qualcomm Halo
Sector Automotive
Buyer(s) WiTricity
Sellers(s) Qualcomm
Deal Type Divestiture

Target Company

Qualcomm - Qualcomm Halo

San Diego, California, United States
Qualcomm, Inc. - Qualcomm Halo suite of smart technology and automotive solutions allows car manufacturers to expand their existing accessory package offerings to include advanced onboard features, including connectivity, infotainment, navigation, and driver safety.
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Buyer Overview 1

Buyer

WiTricity

Watertown, Massachusetts, United States

Category Company
Founded 2007
Sector Automotive
DESCRIPTION

WiTricity is the pioneer in developing wireless charging for electric vehicles that is as fast and efficient as plugging in. Global automakers are accelerating development of EV platforms, and WiTricity is focused on improving the ownership experience — no more cables, no mess, and no worry about remembering to charge. The future of mobility is electrified, autonomous and shared, and wireless charging is an essential enabler for fleets of robotaxis where there is no driver to plug in.


Deal Context for Buyer #
Overall 1 of 1
Sector: Automotive 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2019 1 of 1

Seller Profile 1

SELLER

Qualcomm

San Diego, California, United States

Category Company
Founded 1985
Sector Semiconductors
Employees49,000
Revenue 39.0B USD (2024)
DESCRIPTION
Qualcomm's corporate headquarters in San Diego, California.
Qualcomm's corporate headquarters in San Diego, California.

Qualcomm develops and commercializes communication technologies. Qualcomm develops a digital communication technology called CDMA (Code Division Multiple Access) and owns significant intellectual property applicable to products that implement any version of CDMA. Qualcomm develops OFDMA (Orthogonal Frequency Division Multiple Access) technology for which the Company owns intellectual property. Qualcomm also develops and commercializes technologies used in handsets and tablets. In addition to licensing portions of its intellectual property portfolio, Qualcomm produces integrated circuits (also known as chips or chipsets) and system software used in mobile devices and in wireless networks. Qualcomm was formed in 1985 and is based in San Diego, California.


Deal Context for Seller #
Overall 5 of 5
Sector: Automotive 1 of 1
Type: Divestiture 5 of 5
State: California 2 of 2
Country: United States 4 of 4
Year: 2019 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 Capsule Technologies

Andover, Massachusetts, United States

Capsule Technologies, Inc. is a provider of medical device connectivity solutions for hospitals. Capsule integrates with clinical information systems to capture more data, reduce manual efforts and cost, and improve patient care. Capsule Technologies, Inc. was founded in 1997 and is based in Andover, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-21 Jio

Navi Mumbai, India

Jio is a next-generation technology platform focused on providing affordable digital services across India. Jio was formed in 2019 and is based in Navi Mumbai, Maharashtra.

Buy -