Vitalthings AS acquire bankruptcy estate of Novelda AS

Vitalthings AS has acquired the bankruptcy estate of Novelda AS, a technology company known for its advanced ultra-wideband (UWB) radar sensors.

The acquisition represents a strategic investment for Vitalthings, which already uses Novelda's technology in its products and has in-depth knowledge of both the company and the technology.

This acquisition gives us a unique opportunity to strengthen our position in the market and further develop our solutions.

Alf-Egil Bogen

Chairman of the Board and Chief Innovation Officer at Vitalthings

Facts:

• Novelda was established in 2004 by Dag T. Wisland, Eirik Næss-Ulseth, Tor Sverre Lande and Einar Nygård. 
• The company is known for developing the world's most accurate, intelligent and reliable sensor solutions for human presence detection - Ultra-Wideband (UWB).
• On November 18, the board of Novelda filed for bankruptcy.
• On November 28, it was decided that Vitalthings would purchase the bankruptcy estate of Novelda.