# 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.

- Type: Acquisition
- Announced: 2018-06-29
- Value: $45.0M
- Status: announced
- Products: semiconductors, software, systems for Industrial IoT
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Adesto Technologies](https://endata.com/companies/31810.md) (acquirer)
- [Echelon Corporation](https://endata.com/companies/32853.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2018/06/29/1531638/37295/en/Adesto-Announces-Agreement-to-Acquire-Echelon.html), 2018-06-29: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.