Airgain Acquires Nimblelink
Monday, January 11, 2021 | Comments

Airgain acquired privately-held NimbeLink, a leader in cellular industrial internet of things (IoT) solutions and services. The addition of NimbeLink’s embedded modem products and asset tracking solutions is key to Airgain’s ongoing strategy to expand its penetration of the multibillion-dollar industrial IoT and machine-to-machine (M2M) markets.

Headquartered in Plymouth, Minnesota, and founded in 2013, NimbeLink provides edge-based cellular connectivity industrial IoT solutions. NimbeLink’s certified Skywire cellular modems enable OEMs to dramatically reduce their cellular development time. NimbeLink develops and markets complete edge-to-enterprise asset tracking solutions that are precisely configured to customers’ use cases and applications such as location tracking, inventory management, and resource optimization. NimbeLink has sold more than 400,000 units over the last two years and its patented products have been deployed for thousands of end customers through multiple partner relationships. Based on preliminary, unaudited results, NimbeLink expects to report $12.5 million in revenue and $0.1 million in adjusted earnings before interest, taxes, debt and amortization (EBITDA) for the fiscal year ended December 31.

“We are proud to welcome NimbeLink to the Airgain team and look forward to strengthening our enterprise offering with proven edge-based cellular connectivity solutions for Industrial IoT and M2M applications,” said Jacob Suen, Airgain’s president and CEO. “NimbeLink is an excellent fit with our business and will play an important role in our overall growth strategy to broaden market diversification and extend the development of the AirgainConnect antenna-modem platform. The sum of the parts is truly greater than the individual pieces and together, we believe the combined company significantly advances our strategic mission to deliver higher levels of integrated wireless system solutions globally.”

Through the combined product offering, Airgain plans to accelerate new wireless product and solution development to expand its market footprint while creating new and expansive revenue opportunities. NimbeLink’s expertise in cellular modem integration, carrier certification and cloud management software is expected to enable the rapid realization of the company’s global vision for the AirgainConnect antenna-modem platform. Airgain’s global presence will provide the means to extend NimbeLink’s salesforce reach internationally and is expected to bring larger design win opportunities. In addition, NimbeLink’s asset tracking and embedded cellular modem products are expected to leverage Airgain’s advanced antenna design and integration expertise to improve wireless performance.

“We are very excited about what the combined strength of Airgain and NimbeLink will bring to our cellular connectivity and asset tracking customers,” said NimbleLink Co-founder and CEO Scott Schwalbe. “Airgain’s high-performance antenna technology complements NimbeLink’s portfolio of cellular technology and will provide our customers with the benefit of enhanced product performance and a broader reach into global markets. Together, we will build upon our core competencies and advance forward-thinking Industrial IoT development and design at the network edge.”

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