Swissbit is the only independent European provider of NAND flash-based storage and embedded IoT solutions for demanding niche applications in a wide range of end markets. The company manufactures high-quality storage media such as SD and microSD cards, SSD hard drives, and USB memory modules for mission-critical applications. The products are manufactured exclusively at Swissbit’s state-of-the-art production facility in Berlin, which commenced operations in October 2019. As a result, Swissbit operates largely independently and positions itself as the European market leader for specialized NAND flash memory and embedded IoT solutions. In particular, such solutions are used in industrial automation applications and network communication technology as well as in the security sector and in medical technology. Swissbit’s embedded IoT storage solutions are highly relevant especially in the fiscal and security segments. The company’s storage solutions stand out due to their high degree of customization for specialized storage and computing applications, among other things.
Swissbit was created through a management buyout from Siemens Memory division in 2001. With its innovative strength and extensive research and development capacities, Swissbit is optimally positioned to benefit from the rapidly evolving IoT and edge computing market trends in a wide range of applications. The company has more than 700 customers, including numerous renowned industrial, medical and technology companies. Together with Ardian as a strong global partner, Swissbit intends to continue and accelerate the internationalization of the company in North America and Asia. In addition, management aims to increase the considerable growth potential in the embedded IoT segment, thanks to the variety of new, rapidly growing applications for Swissbit’s specialized storage solutions.
The parties have agreed not to disclose the financial details of the transaction, which is subject to approval by the antitrust authorities.
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