NXP completed the acquisition of Marvell’s WiFi and Bluetooth Connectivity Assets for $1.8bn.

NXP, a semiconductor company, completed the acquisition of Marvell’s Wireless Connectivity portfolio in an all-cash, asset transaction valued at $1.8bn. The acquisition will enable NXP to deliver complete, scalable processing and connectivity solutions to its customers across its focus end markets. NXP expects the acquisition to create new revenue opportunities in its target end markets. “I am delighted this world-class team with the right set of complementary connectivity technologies is joining NXP, enabling us to deliver on our commitment to provide Secure Connections for the Smarter World,” Richard Clemmer, NXP CEO.