Announced
Completed
Financials
Tags
Acquisition
industrial storage equipment
Private
United Kingdom
Majority
Single Bidder
Storage Terminals
Cross Border
Friendly
Disposal
Private Equity
Completed
Synopsis
Ardian-backed Swissbit, a specialist producer of industrial-grade data-storage and embedded IoT solutions, completed the acquisition of Hyperstone, the storage division, from CML Microsystems, a British-based manufacturer of semiconductors, for $49m. The proceeds of the disposal will provide CML Microsystems with the financial flexibility to maximise its future growth potential.
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