Shanghai, China – December 22, 2020 – Beken Corporation (SSE: 603068), a key player in wireless communication solutions announced today that it has it has completed the acquisition of Adveos Microelectronic Systems, an RF and mixed-signal IP provider based in Greece.

The acquisition will strengthen Beken’s wireless communication capabilities and will enhance the company's growth momentum in a time where the rapid developments in wireless protocols provide significant opportunities both for the domestic and foreign markets. Furthermore, this transaction clearly demonstrates Beken’s strategy to be gradually promoted into a world-class wireless solutions provider company.

  • The acquisition will strengthen Beken’s wireless communication capabilities
  • Beken has been focusing on the design and development of wireless communication
  • In Adveos we have found a great team that perfectly complements our vision

Mr. Pengfei Zhang, Beken’s Chairman, said: "Beken has been focusing on the design and development of wireless communication ICs for a long time by providing complete wireless communication solutions for various application scenarios such as wireless connectivity, intelligent transportation and the Internet of Things. The acquisition of Adveos will enable Beken to strengthen its strategic position in these markets, bringing new growth opportunities in terms of revenue and products, as well as enhancing the company's market competitiveness and long-term profitability. In Adveos we have found a great team that perfectly complements our vision to become the leading wireless chipset supplier. We aim to further expanding the team in Athens and increase substantially its footprint over the coming years.”

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“We are delighted to become part of a leading organization such as Beken and look forward to working together in the development of the next generation wireless platforms” said George Dimitropoulos, CEO and Co-Founder of Adveos. “It is an exciting opportunity for Adveos, within the Beken family, to be a key member in the design of next generation wireless products that will help improve the lives of millions”.