Valens Semiconductor Acquires Acroname For $7.8M In Cash, Plus The Amount Of Cash Held By Acroname At Closing, Which Was $1.3M
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Valens Semiconductor (NYSE:VLN) has acquired Acroname for $7.8 million in cash, plus $1.3 million held by Acroname at closing. The acquisition aims to enhance Valens' position in the industrial market with a comprehensive USB-focused offering. The deal includes potential earn-out payments up to $7.2 million based on future performance targets.
June 03, 2024 | 12:37 pm
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Valens Semiconductor has acquired Acroname for $7.8 million in cash, plus $1.3 million held by Acroname at closing. This acquisition is expected to strengthen Valens' position in the industrial market with a comprehensive USB-focused offering.
The acquisition of Acroname by Valens Semiconductor is likely to have a positive short-term impact on VLN's stock price. The deal enhances Valens' product offerings and market position, which could attract investor interest and boost the stock.
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