Italian M2M specialist Telit Communications has announced the acquisition of 75% of Bellwave m2m Co. Ltd, the machine-to-machine division of South Korean wireless communications developer Bellwave Co Ltd. The company´s m2m business has a market share in South Korea close to 50%. This acquisition thus is a key component of Telit's global growth plans and strengthens its M2M commitment in Asia. It further demonstrates Telit´s role as a challenger in the worldwide M2M market. Bellwave m2m developed and marketed the world's smallest CDMA data communications module. The company currently has 40 employees, the majority of which are engineers. The company will focus on the development of CDMA 1X and EVDO products for Asian and American markets and the development of WCDMA/UMTS products for global distribution. The company will also serve as Telit's sales gateway to the emerging Asia Pacific markets for both CDMA and GSM/GPRS product lines.
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