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Strategic partnerships and acquisitions

We continue to survey the market for the right opportunities to acquire other businesses or partner with specialists who add real value to u‑blox. In 2018 we further invested in the Sapcorda joint venture with Bosch, Geo++, and Mitsubishi Electric to prepare our commercial correction data service for market. In addition, our newly announced alliance with Kudelski Group to provide premium-grade security for the IoT is another example of a strategic partnership that adds real value for our customers.