Announced
Completed
Financials
Tags
it consulting
Acquisition
computing solutions
Private
Majority
Friendly
United States
Private Equity
Domestic
Computer Hardware
Single Bidder
Completed
Synopsis
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.