M&A Deal Summary

Alphawave IP Group Acquires Banias Labs

On October 13, 2022, Alphawave IP Group acquired semiconductors company Banias Labs for 240M USD

Acquisition Highlights
  • This is Alphawave IP Group’s 2nd transaction in the Semiconductors sector.
  • This is Alphawave IP Group’s largest (disclosed) transaction.
  • This is Alphawave IP Group’s 1st transaction in Israel.

M&A Deal Summary
Date 2022-10-13
Target Banias Labs
Sector Semiconductors
Buyer(s) Alphawave IP Group
Deal Type Add-on Acquisition
Deal Value 240M USD

Target

Banias Labs

Hod Hasharon, Israel
website
Banias Labs is an optical Digital Signal Processing ("DSP") chip developer for data centers that develops infrastructure solutions for next-generation communications. The company's products utilize proprietary technology that enables ultra-high-speed communications coupled with physical layer security. Banias Labs was formed in 2020 and is based in Hod Hasharon, Israel.

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Buyer(S) 1

Buyer

Alphawave IP Group

London, United Kingdom

website

Category Company
Founded 2017
Sector Technology Hardware
Employees251
Revenue 90M USD (2021)
DESCRIPTION

Alphawave IP Group is a provider of technology services to meet the needs of global tier-one customers in data centers, compute, networking, AI, 5G, autonomous vehicles, and storage. Alphawave IP Group was incorporated in 2017 and is based in London, United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector (Semiconductors) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Israel) 1 of 1
Year (2022) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-26 OpenFive

Milpitas, California, United States

OpenFive is a solution-centric silicon company offers end-to-end expertise in Architecture, IP Integration, Design Implementation, Software, Silicon Validation, and Manufacturing to deliver high-quality silicon in advanced nodes down to 5nm. OpenFive is based in Milpitas, California.

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