TRUMPF and STMicroelectronics agree strategic partnership for UWB positioning technology

TRUMPF to sell stake in BeSpoon as part of strategic partnership // Industrial positioning solutions to be further developed // CTO Peter Leibinger: “This strengthens our role as a system provider for location solutions”

Ditzingen, July 16, 2020 – The high-tech company TRUMPF and the semiconductor manufacturer STMicroelectronics have concluded a strategic partnership in the field of UWB positioning technology. As part of this agreement, STMicroelectronics will acquire TRUMPF's majority stake in the UWB pioneer BeSpoon. The remaining shares will also be transferred to STMicroelectronics. Within the framework of the strategic partnership, TRUMPF will focus on the ongoing development of its Track&Trace indoor positioning and tracking system. "This partnership will enable us to expand TRUMPF’s pioneering role in localization systems for industry. As well as laying the foundations for our next-generation products, it will also strengthen our role as a system provider," says Peter Leibinger, Chief Technology Officer at TRUMPF. As a developer and high-volume manufacturer of semiconductor devices, STMicroelectronics will be injecting the expertise required to develop the next generation of industrial UWB chips in partnership with TRUMPF. TRUMPF is also the co-founder of omlox, an open standard for locating technologies.
BeSpoon has been developing software and UWB chips for indoor localization since 2010. The company is based in Le Bourget-du-Lac, France, and employs around 25 people. The technology enables positioning with centimeter accuracy inside buildings, including harsh industrial environments. Use cases for UWB technology include industrial manufacturing and the automotive and consumer sectors. By acquiring BeSpoon, STMicroelectronics aims to build on the rapidly growing market potential of UWB in the industrial, automotive and personal electronics markets. 
The parties have agreed not to disclose details of the transaction.

About TRUMPF
TRUMPF is a high-tech company offering manufacturing solutions in the fields of machine tools and laser technology. The Company drives digital connectivity in manufacturing through consulting, platform products and software. TRUMPF is a technology and market leader in highly versatile machine tools for sheet metal processing and in the field of industrial lasers.
In 2018/19, the company employed some 14,500 people and generated sales of 3.8 billion euros. With over 70 subsidiaries, the TRUMPF Group is represented in nearly every European country as well as in North America, South America and Asia. The company has production facilities in Austria, China, the Czech Republic, France, Germany, Italy, Japan, Mexico, Poland, Switzerland, the United Kingdom and the United States.

Find out more about TRUMPF at www.trumpf.com

Press contact:
Rainer Berghausen	Dr. Manuel Thomä	
Head of Group Communications	Head of Media Relations	
+49 7156 303-31720	+49 7156 303-30992	
rainer.berghausen@trumpf.com	manuel.thomae@trumpf.com

About STMicroelectronics
ST is home to 46,000 creators and makers of semiconductor technologies, with manufacturing sites that master all aspects of the semiconductor supply chain. An independent device manufacturer, we work with our 100,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and 5G technology. Find out more at www.st.com

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