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Business News 2022
  • May 9th, 2022
  • Marvell Technology Group Ltd. today announced a definitive agreement to acquire privately-held Tanzanite Silicon Solutions, Inc., in an all-cash transaction.
    The transaction is expected to close in the second quarter of the current fiscal year and is subject to the satisfaction of customary closing conditions, including approval by Tanzanite’s shareholders.
    The financial terms of the deal were not disclosed.
  • May 6th, 2022
  • MaxLinear, Inc. and Silicon Motion Technology Corp. announced on May 5th that they have entered into a definitive agreement under which MaxLinear will acquire Silicon Motion in a cash and stock transaction that values the combined company at $8 billion in enterprise value. In the merger, each American Depositary Share (ADS) of Silicon Motion, which represents four ordinary shares of Silicon Motion, will receive $93.54 in cash and 0.388 shares of MaxLinear common stock, for total per ADS consideration of $114.34 (based on MaxLinear's May 4th, 2022 closing price).
  • April 9th, 2022
  • Sun Capital Partners is selling C&K Switches to Littelfuse, Inc. in a deal valued at $540m/
    Subject to closing conditions and regulatory approvals, the transaction is expected to close during the second calendar quarter 2022.
  • April 4th, 2022
  • Yanmar Holdings Co., Ltd. today officially announced it has acquired a majority share in ELEO Technologies B.V.
    After joining the Yanmar Group as part of Yanmar Power Technology Co., Ltd., ELEO will continue to operate as a stand-alone entity under its own brand at its current location in Helmond, the Netherlands.
    The financial terms of the deal were not disclosed.
  • February 7th, 2022
  • NVIDIA and SoftBank Group Corp. (SBG) today announced the termination of the previously announced transaction whereby NVIDIA would acquire Arm Limited from SBG. The parties agreed to terminate the Agreement because of significant regulatory challenges preventing the consummation of the transaction, despite good faith efforts by the parties. Arm will now start preparations for a public offering.
  • January 10th, 2022
  • TT Electronics plc today announces it has acquired the Ferranti Power and Control business (Ferranti P&C) from Elbit Systems for £9 million.
    Ferranti P&C is a UK based manufacturer of power electronics and power systems for the aerospace and defence markets located in the greater Manchester area.
  • January 3rd, 2022
  • On December 31st, 2021, Reliance New Energy Solar Ltd (“RNESL”), a wholly owned subsidiary of Reliance Industries Ltd., announced that it has signed definitive agreements to acquire 100% shareholding in Faradion Limited (“Faradion”) for an enterprise value of GBP 100 Mn. In addition, RNESL will also invest GBP 25 Mn as growth capital to accelerate commercial roll out.
    Based out of Sheffield and Oxford in UK and with its patented sodium-ion battery technology, Faradion is one of the leading global battery technology companies.