dialog semiconductor adesto technologies

“We are extremely pleased to join Dialog to bring more value to our combined customer base.”All other locations: +44 20 3936 2999Germany (Local): 0322 2109 8334Bringing 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. It currently has approximately 2,000 employees worldwide. From making smartphones more power efficient and shortening charging times, enabling home appliances to be controlled from anywhere, to connecting the next generation of wearable devices, Dialog’s decades of experience and world-class innovation help manufacturers get to what’s next.Adesto accelerates Dialog’s expansion into the growing IIoT market that enables smart buildings and industrial automation (Industry 4.0), seamlessly driving cloud connectivity. Further, Adesto and Dialog disclaim any obligation to update the information in this communication or to announce publicly the results of any revisions to any of the forward-looking statements to reflect future events or developments, except as otherwise required by law.

The deal will be funded from Dialog’s balance sheet.For further information, please contact the following representatives.Dialog operates a fabless business model and is a socially responsible employer pursuing many programs to benefit the employees, community, other stakeholders and the environment it operates in.

These forward-looking statements are inherently uncertain, and are based on information available to each of Dialog and Adesto as of the date hereof and current expectations, forecasts, estimates, and assumptions. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.SVP Corporate Development & Strategy“This acquisition substantially enhances our position in the Industrial IoT market,” said Jalal Bagherli, CEO of Dialog. 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. The deal will be funded from Dialog's balance sheet. London, United Kingdom & Santa Clara, Calif. – February 20, 2020 – Dialog Semiconductor plc , a leading provider of power management, charging, AC/DC power conversion, Wi-Fi and Bluetooth® low energy technology, and Adesto Technologies Corporation (“Adesto”) (NASDAQ:IOTS), a leading provider of innovative custom integrated circuits (ICs) and embedded systems for the Industrial Internet of Things … Dialog will acquire Adesto for $12.55 per share in cash, or for approximately $500 million enterprise value.

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