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Broadcom is set to make an all-cash offer to acquire Innovision Research & Technology PLC, an NFC (Near Field Communication) specialist that specializes in short-range data communication.
The deal, which is worth about $47.5 million, gives Broadcom access to a whole host of wireless technologies, but it's the NFC products that Broadcom is most interested in.
Broadcom didn't detail exactly what its plans are following the acquisition, though it's likely the company will integrate NFC with its existing wireless technologies, which includes Bluetooth, 3G, GPS, and Wi-Fi.
Image Credit: Broadcom
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