# 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.

- Type: Acquisition
- Announced: 2018-06-30
- Where: United States
- Value: $30.0M
- Status: announced
- Products: semiconductors, networking platforms, IoT systems
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

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

## Sources

- [eenewseurope.com](https://www.eenewseurope.com/en/adesto-to-acquire-networking-pioneer-echelon-2/), 2018-06-30: "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."

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