Alantra advises NimbeLink on sale to Airgain, Inc.
Boston – Alantra, a leading global investment bank and asset management firm, is pleased to announce that NimbeLink has been sold to Airgain, Inc. (NASDAQ:AIRG), a leading provider of advanced antenna technologies used to enable high performance wireless networking across a broad range of devices and markets, including consumer, enterprise, and automotive.
Based in Plymouth, MN, NimbeLink designs and develops cellular IoT and patented asset tracking solutions. The company’s Skywire® cellular modem eliminates RF design and certification complexity for OEMs, significantly reducing project costs and time to market. NimbeLink leveraged its expertise in cellular modem technology to build a world-class asset tracking solution, providing IoT application specialists in the supply chain, logistics, remote condition monitoring, and fleet management sectors with a dynamic subscription software platform for device management. The acquisition of NimbeLink will help Airgain, Inc. continue its mission to be a leading provider of device and system-level IoT solutions across all “smart industries.”
“The strategic fit between the two companies was clear from the outset as any mission-critical, cellular-based IoT solution requires a tight integration of antenna, modem, and device management technology,” said Kevin Hawkins, Vice President with Alantra. “Given NimbeLink’s US focus and in-house antenna design approach, the opportunity for worldwide growth alongside Airgain is immense. We look forward to continuing our focus on the wireless IoT landscape and leveraging experience from our transaction experience in the sector.”
The Alantra Tech team advising NimbeLink included leaders of the firm’s IoT and smart industry efforts: John Emery (Managing Director & Partner, Boston), Dragan Manoev (Managing Director, San Francisco), Mr. Hawkins and Kaartik Jain (Analyst, New York).