SMART Global Holdings to acquire Artesyn and Inforce.

SMART Global Holdings, a designer and manufacturer of systems and sub-system/modules, agreed to acquire Artesyn Embedded Computing, a leading provider of embedded computing solutions based on open standards, and Inforce Computing, a privately held provider of modular embedded computing and IoT solutions targeting applications. SMART has agreed to acquire Artesyn for $80m in cash and Inforce for a total of $12m in cash and equity consideration. “These acquisitions represent another milestone in SMART Global’s strategy to drive growth and earnings through synergistic M&A,” commented Ajay Shah, Chairman and Chief Executive Officer of SMART Global Holdings. “These will become part of the SMART Specialty Computing business as the products and customers added are complementary to our existing business, expand SMART’s target market opportunity and enable the company to cross sell its existing products to new customers.”