Renesas completes acquisition of Celeno
Tokyo, Japan. 21 December 2021 ― Renesas Electronics Corporation a supplier of advanced semiconductor solutions, announced the successful completion of acquisition of Celeno Communications, the provider of smart, innovative Wi-Fi solutions, as of December 20, 2021.
Renesas completed the transaction using approximately US$315 million (€278.82 million) with payment to be made gradually in cash following certain milestones as set forth in the definitive agreement.
Headquartered in Israel, Celeno offers a wide range of wireless communication solutions, including advanced Wi-Fi chipsets and software solutions, for high-performance home networks, smart buildings, enterprise and industrial markets. Its compact chipset offerings for Wi-Fi 6 and 6E deliver exceptional Wi-Fi network performance and increased security with low latency and low power consumption.
With the addition of Celeno’s Wi-Fi technologies and software expertise, Renesas will significantly enhance its connectivity portfolio. In addition, these technologies, combined with Renesas’ offering of MCU/MPU/SoC processors, wireless ICs, sensors and power management technologies, creates a comprehensive, end-to-end connectivity solutions for both clients and access points addressing IoT, infrastructure, industrial and automotive applications.
With the transaction now closed, Celeno became a wholly owned subsidiary of Renesas. The addition of Celeno’s design centre in Israel and by welcoming R&D staff will further strengthen Renesas’ global engineering and software development talent base, allowing Renesas to bring more seamless and expanded services to customers around the globe.
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