Silicon Labs and Sigma Designs today announced that Silicon Labs has completed the acquisition of Sigma Designs’ Z-Wave business unit for $240 million in cash transactions, including a team of approximately 100 employees.

Z-Wave is the leading technology for smart homes in mesh networks. The thriving Z-Wave Alliance has more than 700 manufacturers and service providers worldwide, providing more than 2,400 certified, interoperable Z-Wave infrastructure devices.

Combining Z-Wave mesh networking technology and interoperable features, coupled with Silicon Labs' multi-protocol expertise, smart home R&D personnel can access a large, diverse ecosystem of networks and a full range of end-nodes, to provide potential opportunities for potential customers of millions of smart homes. Silicon Labs’ acquisition strategy has reached the goal of providing a full range of wireless hardware and software product portfolios for the smart home market, including Wi-Fi®, Zigbee®, Thread, Bluetooth®, and proprietary protocols.

Tyson Tuttle, CEO of Silicon Labs, said: "Combining Z-Wave and Silicon Labs' extensive portfolio of IoT connectivity products allows us to achieve the vision of wireless technology integration in the smart home market. A secure, interoperable customer experience is at the heart of smart home product design, deployment and management, our smart home vision is that multiple technologies can work together safely and any device that uses all of our connectivity options can easily connect to the home network and automate security updates and feature upgrades. "

Raoul Wijgergangs, Z-Wave Vice President and General Manager, said: "After the merger, Silicon Labs and the Z-Wave Alliance and its ecosystem will continue to advance Z-Wave's technology roadmap and provide innovative solutions to millions of smart home users. Technology: Z-Wave is a proven, widely deployed technology that has reached a market milestone of 100 million in sales, and this acquisition will promote the cooperation of multi-ecosystem network partners to expand on Amazon, Alarm.com, and ADT, Samsung SmartThings, Yale, Vivint, Google Home, Comcast, etc.