Dialog Semiconductor and Adesto Technologies Corporation (“Adesto”) announced they have signed a definitive agreement for Dialog to acquire all outstanding shares of Adesto.
Adesto accelerates Dialog’s expansion into the growing IIoT market that enables smart buildings and industrial automation (Industry 4.0), seamlessly driving cloud connectivity.
Headquartered in Santa Clara, California, Adesto has approximately 270 employees and an established portfolio
of industrial solutions for smart building automation that fully complements Dialog’s manufacturing automation
products.
Adesto’s solutions are sold across the industrial, consumer, medical, and communications markets.
“This acquisition substantially enhances our position in the Industrial IoT market,” said Jalal Bagherli, CEO of Dialog.“
Adesto’s established strength in connectivity solutions and highly optimized products for building and industrial automation perfectly complements and adds scale to our Industrial IoT portfolio from the recently acquired Creative Chips.
"Adesto’s deep customer relationships, comprehensive system expertise, and proprietary technology will deliver enhanced value for Dialog customers. Together with Dialog, we are positioned to create unique Industrial IoT solutions through the integration of our best-in-class technologies for today’s increasingly connected world,” added
Adesto’s CEO, Narbeh Derhacobian.
“We are extremely pleased to join Dialog to bring more value to our combined customer base.”
Benefits of Transaction
Bringing Dialog and Adesto together creates a complementary product portfolio for servicing a broad customer base in growth segments of the industrial market and enables cross-selling.
The combination:
• Scales Dialog’s IIoT sector capabilities by combining industrial connectivity, smart metering and building automation solutions, and access to more than 5,000 customers, the majority of which are new for Dialog
• Complements Adesto’s industrial wired connectivity portfolio with Dialog’s wireless portfolio (BLE, Wi-Fi) for smart building and industrial applications. Cloud-connectivity adds further differentiation to Dialog’s existing Industrial solutions
• Enables full system solutions for wearables, hearables, and other IoT applications by combining Adesto’s low-power specialty memory products with Dialog’s BLE & Wi-Fi connectivity and True Wireless Stereo (TWS) Audio ICs
• Unlocks future growth in the Automotive market by qualifying Adesto’s specialty memory products by leveraging
Dialog’s established automotive production and test flow. Additionally, these products address the emerging, fast-growing Artificial Intelligence (AI) segment
• Adds engineering and design scale to expand Dialog’s existing custom IC business, making Dialog one of the largest custom analog mixed-signal semiconductor providers
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