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2020-06-22

DGAP-News: Dialog Semiconductor Announces Completion of CFIUS Review for Acquisition of Adesto Technologies

DGAP-News: Dialog Semiconductor Plc. / Key word(s): Acquisition
Dialog Semiconductor Announces Completion of CFIUS Review for Acquisition of Adesto Technologies

22.06.2020 / 15:25
The issuer is solely responsible for the content of this announcement.


London, United Kingdom -June 22, 2020 - Dialog Semiconductor plc (XETRA:DLG), announces that, in connection with its pending acquisition of Adesto Technologies Corporation (Adesto), the parties have been informed by the Committee on Foreign Investment in the United States (CFIUS) that CFIUS has completed its review of Dialog's pending acquisition of Adesto and determined that there are no unresolved national security concerns with respect to the proposed transaction. Dialog expects the transaction to close on June 29, 2020, subject to customary closing conditions.

Headquartered in Santa Clara, California, Adesto has approximately 270 employees and an established portfolio of industrial solutions for smart building automation that fully complements Dialog's Industrial automation products and strategy. Adesto's solutions are sold across the industrial, consumer, medical, and communications markets.

ENDS

NOTES

Dialog and the Dialog logo are trademarks of Dialog Semiconductor plc or its subsidiaries. All other product or service names are the property of their respective owners. (c) Copyright 2020 Dialog Semiconductor. All rights reserved.

 

Media Contact:

Mark Tyndall

SVP Corporate Development & Strategy

Dialog Semiconductor

Phone: +1 (408) 845 8520

mark.tyndall@diasemi.com

Web: www.dialog-semiconductor.com

Twitter: @DialogSemi

 

About Dialog Semiconductor

Dialog Semiconductor is a leading provider of integrated circuits (ICs) powering Internet of Things and Industry 4.0 applications. Dialog's solutions are integral to some of today's leading smartphones and facilitate increased performance and productivity on the go. From making smartphones more power efficient and shortening charging times, to enabling home appliances to be controlled from anywhere, to connecting the next generation of wearable devices, Dialog's decades of experience and world-class innovation help manufacturers get to what's next.

Dialog operates a fabless business model and is a socially responsible employer pursuing many programs to benefit its employees, community, other stakeholders and environment. Dialog is headquartered near London with a global sales, R&D and marketing organization. In 2019, it had approximately $1.42 billion in revenue and is consistently one of the fastest growing European public semiconductor companies. It currently has approximately 2,100 employees worldwide. The company is listed on the Frankfurt (FWB: DLG) stock exchange (Regulated Market, Prime Standard, ISIN GB0059822006)




Contact:
Jose Cano
Director, Investor Relations
jose.cano@diasemi.com
+44(0)1793756961




22.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language:English
Company:Dialog Semiconductor Plc.
Tower Bridge House, St. Katharine's Way
E1W 1AA London
United Kingdom
Phone:+49 7021 805-412
Fax:+49 7021 805-200
E-mail:jose.cano@diasemi.com
Internet:www.dialog-semiconductor.com
ISIN:GB0059822006
WKN:927200
Listed:Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:1075087



 
End of NewsDGAP News Service

1075087  22.06.2020 

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