Swissbit buys Hyperstone
Hyperstone-Swissbit joint development projects will focus on products for security and embedded IoT.
Hyperstone expects to benefit from Swissbit’s system and market experience in these attractive future markets for the development of its controllers.
At the same time both companies will continue to support and expand their respective customer and partner networks for storage solutions as independent organizations and brands.
Hyperstone’s existing management team around Managing Director Dr. Jan Peter Berns will invest in the group as part of the transaction and will hold a minority stake in the future.
Swissbit supplies storage products such as SD and microSD memory cards, SSD hard disks and USB memory modules for industrial applications as well as hardware-based security solutions for applications in the Internet of Things.
Swissbit announces acquisition of Hyperstone Swissbit, a specialist provider of data-storage and embedded IoT solutions,is to acquire Hyperstone, a leading supplier of flash memory controllers, from CML Microsystems.
Swissbit said that the acquisition will help to boost its technology competence and further strengthen its position as an independent European manufacturer of memory and security products.
Future joint development projects will focus on innovative solutions in the attractive growth market for security and embedded IoT and both companies said that they would be working together to meet the rapidly growing demands from customers for data and device security in the Internet of Things.
Swissbit buys German memory controller designer December 11, 2020 // By Nick Flaherty
European memory device maker Swissbit has bought Hyperstone, a German specialist supplier of flash memory controllers, to develop embedded IoT and security devices
Swissbit Holding AG is the only independent European maker of industrial memory systems such as SD and microSD memory cards, SSD hard disks and USB memory modules as well as hardware-based security solutions for applications in the Internet of Things (IoT).
The purchase of Hyperstone GmbH from CML Microsystems in the UK still has to be approved by the regulators. Hyperstone s existing management team around Managing Director Dr Jan Peter Berns will invest in the group as part of the transaction and will hold a minority stake.