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Huawei buys UK Internet Research Institute (NEUL) 25 million USD

Source: Internet
Author: User
Keywords Huawei acquisition research Institute
Tags direction financing internet internet + internet research it is project
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Absrtact: Huawei has spent 25 million of dollars on acquisitions of Neul, a UK Internet research Institute. Nuel was founded in 2010, after a total of 18.8 million dollars in financing the rounds. It is mainly engaged in the research of the sensor of the project direction and the related Radio standard, is aimed at IoT city

Huawei has spent 25 million of billions of dollars on acquisitions of Neul, the UK Internet Research Institute.

Nuel was founded in 2010, after a total of 18.8 million dollars in financing the rounds. It is mainly engaged in the research of the sensor of the project direction of the IoT and the related Radio standard, is one of the main developers of the Weightless Wireless WAN technical standard for the IoT market, and its neulnet has been recommended by the IET (British Engineering and Technology Society) and has a certain degree of recognition in the industry.

The two companies ' 9-month-long partnership is an important factor in the deal.

In addition, Huawei plans to invest millions of in building a "centre of excellence" in the UK's Cambridge region after the acquisition.


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