Powermat, an Israel-based company making wireless charging pads for mobile devices, has acquired Finland-based peer PowerKiss for an undisclosed amount.
Powermat backers include New York-listed consumer goods company Procter & Gamble and car maker General Motors’ (GM) corporate venturing unit, while Powerkiss shareholders included venture capital firm Finnvera.
In the past, Powermat and PowerKiss had backed incompatible standards but the merger means both are committed to the same PMA standard, which has the backing of AT&T, Procter & Gamble and…
