Aug 7, 2023ACQUISITIONParis, France, Japan Renesas to acquire Sequans Communications for $249 million
Renesas Electronics and Sequans Communications entered a memorandum of understanding for Renesas to acquire all outstanding shares of Sequans for approximately $249 million, including net debt. The transaction is expected to close by Q1 2024.
Productscellular IoT chipscellular IoT modules
“We are thrilled to take our partnership with Sequans to the next level.”sec.gov
- 3 sources
- sec.govEX-99.1Aug 7, 2023
- sequans.comRenesas to Acquire Cellular IoT Technology Leader Sequans Through Tender Offer - Sequansfred@coccinet.comAug 7, 2023
- tradepractitioner.comCFIUS Clearance: Renesas Electronics Corporation and Sequans Communications S.A. | The Trade PractitionerTrade PractitionerOct 12, 2023
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