# 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.

- Type: Acquisition
- Announced: 2023-08-07
- Where: Paris, France, Japan
- Value: $249.0M
- Status: announced
- Products: cellular IoT chips, cellular IoT modules
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Renesas Electronics Corporation](https://endata.com/companies/19562.md) (acquirer)
- [Sequans Communications](https://endata.com/companies/71864.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1383395/000119312523204467/d535421dex991.htm), 2023-08-07: "We are thrilled to take our partnership with Sequans to the next level."
- [sequans.com](https://sequans.com/renesas-to-acquire-cellular-iot-technology-leader-sequans-through-tender-offer/), 2023-08-07: "The acquisition of Sequans will allow Renesas to extend more comprehensive IoT solution offering."
- [tradepractitioner.com](https://www.tradepractitioner.com/2023/10/cfius-renesas-electronics-corporation-and-sequans-communications-s-a/), 2023-10-12: "Renesas Electronics Corporation and Sequans Communications S.A. announced that the two companies have entered into a memorandum of understanding for Renesas to commence a tender offer to acquire all outstanding ordinary shares."

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