Announced
Completed
Financials
Tags
semiconductors
Natural
Acquisition
Private
Bermuda
Electrical Components
Single Bidder
Completed
Majority
Synopsis
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.
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