# Parade Technologies to acquire Fresco Logic for $37.5M

Parade Technologies Ltd announced plans to acquire USB controller developer Fresco Logic Inc for $37.5 million in cash. The deal is expected to close in Q2 2020.

- Type: Acquisition
- Announced: 2020-04-23
- Where: San Jose, Calif., United States
- Value: $37.5M
- Status: announced
- Products: USB host controller chips, USB Type-C connectivity, USB4 products
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Parade Technologies](https://endata.com/companies/46755.md) (acquirer)
- [Fresco Logic](https://endata.com/companies/46756.md) (target)

## Sources

- [taipeitimes.com](https://www.taipeitimes.com/News/biz/archives/2020/04/24/2003735177), 2020-04-23: "We have decided to acquire the company because of their design capabilities ... which would help us expand the market for our USB 4 products."
- [paradetech.com](https://www.paradetech.com/parade-technologies-to-expand-high-speed-usb-type-c-connectivity-portfolio-with-acquisition-of-fresco-logic/), 2020-04-23: "The addition of USB Hub, USB port expansion and Power Delivery products and technologies, and its relevant intellectual property portfolio will speed up our roadmap development and execution in USB4 product line."

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