Adesto Technologies to acquire Echelon Corporation for $45 million

Adesto Technologies announced a definitive agreement to acquire Echelon Corporation for $8.50 per share, representing a total equity value of approximately $45 million. The acquisition aims to expand Adesto's semiconductor solutions for the Industrial IoT.

“With the acquisition of Echelon, we are continuing to advance toward our vision of becoming a significant player in semiconductor and communication systems for IoT markets, in particular industrial IoT.”globenewswire.com

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• globenewswire.comAdesto Announces Agreement to Acquire EchelonAdesto Technologies CorporationJun 29, 2018

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