# Renesas to acquire Sequans for $249 million

Renesas Electronics agreed to acquire Sequans Communications, a cellular IoT chip leader, for approximately $249 million through a tender offer at $3.03 per ADS. The deal is expected to close by Q1 2024.

- Type: Acquisition
- Announced: 2023-09-17
- Where: France
- Value: $249.0M
- Status: announced
- Products: cellular IoT chips and 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)
- [Sequans](https://endata.com/companies/73091.md) (target)

## Sources

- [techmezine.com](https://www.techmezine.com/renesas/renesas-acquire-cellular-iot-technology-leader-sequans-tender-offer-2/), 2023-09-17: "Renesas will, following consultation of the Sequans’ works council and favorable recommendation by the Sequans Board, commence a tender offer to acquire all outstanding ordinary shares."
- [esmchina.com](https://www.esmchina.com/news/10926.html), 2023-10-09: "瑞萨电子收购法国蜂窝物联网芯片制造商Sequans的交易已获得美国外国投资委员会（CFIUS）批准。"

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