Marvell Technology to acquire Innovium in all-stock transaction

Marvell Technology announced a definitive agreement to acquire Innovium, a provider of cloud-optimized Ethernet switching solutions, in an all-stock transaction. The acquisition is expected to add $150 million in incremental revenue in fiscal 2023.

“The planned acquisition of Innovium allows Marvell to immediately participate in the fastest growing segment of the switch market with a cloud-optimized solution.”marvell.com

• 2 sources
• marvell.comCompany - Newsroom - Marvell to Acquire Innovium - Accelerates Cloud Growth with Expanded Ethernet Switching PortfolioAug 3, 2021
• investor.marvell.comMarvell to Acquire Innovium - Accelerates Cloud Growth with Expanded Ethernet Switching Portfolio | Marvell Technology, Inc. (MRVL)Aug 3, 2021

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