Glasgow firm bought by Arm

UK-Japan News July 2018

The firm manufactures processor chips and semiconductors.

Scottish Internet of things (IoT) firm Stream Technologies has been bought out by Japanese software and semiconductor manufacturer Arm, The Herald reported on 13 June.

The Glasgow-based firm was set up in 2000 by Nigel Chadwick and deals with platforms allowing data transfers between different machines, such as smart meters, cars and vending machines.

Arm, which was bought by SoftBank Group Corp. in 2016, said the deal would help expand its IoT connectivity and device management capabilities, the report said.

The value of the deal has not been disclosed.