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Announced

Renesas Electronics to acquire Celeno Communications for $315m.

Synopsis

Renesas Electronics, a premier supplier of advanced semiconductor solutions, agreed to acquire Celeno Communications, a provider of smart, innovative Wi-Fi solutions, for $315m. "The transaction announced today underscores our continuous commitment to improve performance and efficiency in electronic systems. Building on our recently-expanded connectivity portfolio following the Dialog acquisition, the addition of Celeno provides us with more advanced Wi-Fi connectivity capabilities to deliver end-to-end connectivity solutions for both clients and access points. Renesas is now strongly positioned to capitalize on the growing opportunities from the massive rise in connectivity and requirements created by today’s increasingly connected world," Hidetoshi Shibata, Renesas President and CEO.

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