Adesto Technologies to acquire Echelon Corporation for about $30 million

Adesto Technologies agreed to acquire Echelon Corporation, a pioneer in networking for IoT markets, for an enterprise value of about $30 million. The deal is expected to close in Q3 2018, with Echelon becoming a business unit within Adesto.

“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.”eenewseurope.com

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• eenewseurope.comAdesto to acquire networking pioneer Echelon ...Peter ClarkeJun 30, 2018

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