Dialog solutions are integral to some of today’s leading smartphones and the enabling element for increasing performance and productivity on the go.
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 manufacturing automation products. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.SVP Corporate Development & Strategy“This acquisition substantially enhances our position in the Industrial IoT market,” said Jalal Bagherli, CEO of Dialog. The company is listed on the Frankfurt (FWB: DLG) stock exchange (Regulated Market, Prime Standard, ISIN GB0059822006) and is a member of the German MDAX and TecDax indices.This press release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. Our portfolios are a perfect match, especially as we look to provide even greater value for industrial customers who need reliable, efficient and secure solutions with embedded intelligence.Access the materials on this page to learn more about this exciting news.As we proceed with organizational integration, our biggest priority is providing customers with uninterrupted service and support. Further, Adesto and Dialog disclaim any obligation to update the information in this communication or to announce publicly the results of any revisions to any of the forward-looking statements to reflect future events or developments, except as otherwise required by law. The deal will be funded from Dialog’s balance sheet.For further information, please contact the following representatives.Dialog operates a fabless business model and is a socially responsible employer pursuing many programs to benefit the employees, community, other stakeholders and the environment it operates in. Fenwick & West LLP is serving as legal counsel for Adesto, with Cowen & Company, LLC serving as financial advisor.United States (Local): 1 646 664 1960© 2020 Adesto Technologies Corporation. All rights reserved.The transaction is subject to certain regulatory approvals and customary closing conditions and is expected to close in the third quarter of 2020.Dialog Semiconductor is a leading provider of integrated circuits (ICs) that powers the Internet of Things and Industry 4.0 applications. Dialog Semiconductor is a leading provider of integrated circuits (ICs) that powers the Internet of Things and Industry 4.0 applications.
This marks a strategic milestone for Dialog as we continue to expand our offerings for IoT and Industry 4.0. London, United Kingdom & Santa Clara, Calif. – February 20, 2020 – Dialog Semiconductor plc , a leading provider of power management, charging, AC/DC power conversion, Wi-Fi and Bluetooth® low energy technology, and Adesto Technologies Corporation (“Adesto”) (NASDAQ:IOTS), a leading provider of innovative custom integrated circuits (ICs) and embedded systems for the Industrial Internet of Things … Adesto’s deep customer relationships, comprehensive system expertise, and proprietary technology will deliver enhanced value for Dialog customers.”United Kingdom (Local): 020 3936 2999The Board of Directors of Adesto has unanimously approved the transaction and recommends that Adesto stockholders vote in favor of the transaction, and directors and executive officers of Adesto have agreed to vote their shares in favor of the transaction.Hogan Lovells is serving as Dialog’s legal counsel, while BMO Capital Markets is serving as financial advisor. In some cases, you can identify these forward-looking statements by the use of terms such as “expect,” “will,” “continue,” or similar expressions, and variations or negatives of these words, but the absence of these words does not mean that a statement is not forward-looking. Adesto is now part of Dialog.
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