# 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.

- Type: Acquisition
- Announced: 2021-08-03
- Where: United States
- Status: announced
- Products: Ethernet switch silicon, cloud networking solutions
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Marvell Technology, Inc.](https://endata.com/companies/14949.md) (acquirer)
- [Innovium](https://endata.com/companies/56848.md) (target)

## Sources

- [marvell.com](https://www.marvell.com/company/newsroom/marvell-to-acquire-innovium-accelerates-cloud-growth-with-expanded-ethernet-switching-portfolio.html), 2021-08-03: "The planned acquisition of Innovium allows Marvell to immediately participate in the fastest growing segment of the switch market with a cloud-optimized solution."
- [investor.marvell.com](https://investor.marvell.com/news-events/press-releases/detail/270/marvell-to-acquire-innovium---accelerates-cloud-growth-with-expanded-ethernet-switching-portfolio), 2021-08-03: "The planned acquisition of Innovium allows Marvell to immediately participate in the fastest growing segment of the switch market with a cloud-optimized solution."

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