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M&A Deal Summary

AMD Acquires Silo AI

On July 10, 2024, AMD acquired software company Silo AI from Altor Equity Partners for 665M USD

Acquisition Highlights
  • This is AMD’s 3rd transaction in the Software sector.
  • This is AMD’s 5th largest (disclosed) transaction.
  • This is AMD’s 1st transaction in Finland.

M&A Deal Summary
Date 2024-07-10
Target Silo AI
Sector Software
Buyer(s) AMD
Sellers(s) Altor Equity Partners
Deal Type Add-on Acquisition
Deal Value 665M USD

Target

Silo AI

Helsinki, Finland
Silo AI connects AI scientists with real-world problems and helps companies succeed in building cutting-edge AI. The company provides state-of-the-art AI expertise and tooling, having delivered over 200+ production-level AI projects to date. Silo AI was founded in 2017 and is based in Helsinki, Finland.

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Buyer(S) 1

Buyer

AMD

Santa Clara, California, United States
Category Company
Founded 1969
Sector Semiconductors
Employees28,000
Revenue 25.8B USD (2024)
DESCRIPTION
Advanced Micro Devices' corporate headquarters in Sunnyvale, California.
Advanced Micro Devices' corporate headquarters in Sunnyvale, California.

AMD is a multinational semiconductor company that develops computer processors and related technologies for commercial and consumer markets. AMD was founded in 1969 and is based in Santa Clara, California.

DEAL STATS #
Overall 12 of 13
Sector (Software) 3 of 3
Type (Add-on Acquisition) 12 of 13
Country (Finland) 1 of 1
Year (2024) 1 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 Nod.ai

Santa Clara, California, United States

Nod.ai provides optimized AI solutions to hyper scalers, enterprises, and startups. Nod.ai was founded in 2013 and is based in Santa Clara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-19 ZT Systems

Secaucus, New Jersey, United States

ZT Systems supplies hyperscale server solutions for cloud computing and artificial intelligence. The company delivers with a mission of empowering its digital world with the most advanced technology infrastructure for cloud and AI. ZT Systems is based in Secaucus, New Jersey.

Buy $4.9B

Seller(S) 1

SELLER

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 49 of 53
Sector (Software) 2 of 2
Type (Add-on Acquisition) 24 of 25
Country (Finland) 2 of 2
Year (2024) 2 of 5
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 Oceansapart

Mannheim, Germany

Oceansapart is a direct-to-consumer brand, uniquely differentiated with a focus on non-competitive sports. Oceansapart markets its activewear with a strong focus on social and digital marketing in Western and Central Europe. Oceansapart was founded in 2018 and is based in Mannheim, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-02 CCM Hockey

Montreal, Quebec, Canada

CCM Hockey is a designer, manufacturer, and marketer of hockey equipment and related apparel. With operations in Canada, the United States, and Europe. CCM Hockey was founded in 1899 and is based in Montreal, Quebec.

Buy -
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