DGAP-News: Dialog Semiconductor Plc.
/ Key word(s): Acquisition
Broadening presence in the Industrial Internet of Things Market (IIoT)
London, United Kingdom - June 29, 2020 - Dialog Semiconductor plc (XETRA:DLG), a leading provider of battery management, AC/DC power conversion, Wi-Fi, Bluetooth(R) low energy and Industrial integrated circuits (ICs), today announced that it has completed the acquisition of Adesto Technologies Corporation (Adesto) (NASDAQ:IOTS), a leading provider of innovative custom ICs and embedded systems for the IIoT market.
"This acquisition immediately adds scale to our Industrial IoT business, providing our expanded customer base with a broader portfolio of differentiated industrial products," said Jalal Bagherli, CEO of Dialog. "With the combined product portfolio, we now have the unique ability to connect and control from the factory automation line and building automation systems to the cloud. It is with great excitement that I welcome our new colleagues to Dialog following the completion of our acquisition of Adesto."
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.
SVP Corporate Development & Strategy
Dialog Semiconductor Inc.
Phone: +1 (408) 845 8520
About Dialog Semiconductor
Dialog Semiconductor is a leading provider of 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 2,300 employees worldwide. The company is listed on the Frankfurt (FWB: DLG) stock exchange (Regulated Market, Prime Standard, ISIN GB0059822006)
Director, Investor Relations
29.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Dialog Semiconductor Plc.|
|Tower Bridge House, St. Katharine's Way|
|E1W 1AA London|
|Phone:||+49 7021 805-412|
|Fax:||+49 7021 805-200|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1081145|
|End of News||DGAP News Service|