Marvell Technology Acquires Aquantia Corp.
May 6, 2019
Marvell Technology Group Ltd. agreed to acquire Aquantia Corp. for $13.25 per share in cash (approximately $452 million enterprise value). The acquisition, announced May 6, 2019, is expected to close by the end of 2019 subject to regulatory and stockholder approval and will expand Marvell’s high-speed Ethernet connectivity portfolio, including automotive networking capabilities.
- Buyers
- Marvell Technology Group Ltd.
- Targets
- Aquantia Corp.
- Sellers
- Walden CEL Global Fund I, China Everbright Limited, Walden International Group
- Industry
- Manufacturing
- Location
- California, United States
- Transaction Type
- Buyout
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