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New Deal


Announced

STMicroelectronics to acquire Cartesiam.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Majority

Software

Switzerland

Acquisition

Single Bidder

Private

Pending

AI software

Cross Border

Synopsis

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STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, agreed to acquire Cartesiam, an edge AI software specialist. Financial terms were not disclosed. "Using artificial intelligence to create ever smarter solutions is one of the priorities of our customers regardless of their size or industry. With STM32Cube.AI, STMicroelectronics already offers the ability to map and run pre-trained artificial neural networks on our broad portfolio of STM32 microcontrollers. The addition of Cartesiam’s machine learning technology to STMicroelectronics' existing solutions will provide the best edge-AI solution portfolio on the market for any customer looking to bring additional innovation to their offering," Claude Dardanne, STMicroelectronics President.

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