.
MergerLinks Header Logo

Announced

Completed

SGH completed the acquisition of Stratus Technologies from Siris Capital for $275m.

Financials

Edit Data
Transaction Value£224m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

it consulting

Acquisition

computing solutions

Private

Majority

Friendly

United States

Private Equity

Domestic

Computer Hardware

Single Bidder

Completed

Synopsis

Edit

SMART Global Holdings, a designer and manufacturer of electronic products, completed the acquisition of Stratus Technologies, a provider of simplified, protected, and autonomous computing solutions, from Siris Capital, a private equity firm, for $275m. “This transaction builds upon our successful track record of M&A at SGH. The high-availability and fault-tolerant capabilities of Stratus will expand our IPS offerings in Edge, Core, and Cloud, and will enable us to more comprehensively address our combined customers’ needs. We look forward to welcoming the Stratus team to SGH," Mark Adams, SGH CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US