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 2nd 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
Employees26,000
Revenue 22.7B USD (2023)
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 11 of 12
Sector (Software) 2 of 2
Type (Add-on Acquisition) 11 of 12
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 42 of 43
Sector (Software) 2 of 2
Type (Add-on Acquisition) 24 of 24
Country (Finland) 2 of 2
Year (2024) 1 of 2
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 F24

Munich, Germany

F24 is a Software-as-a-Service (SaaS) provider for Business Resilience by supporting companies and organizations through all areas of resilience. Solutions cover business messaging and service notification, emergency and mass notification, incident and crisis management, as well as governance, risk and compliance. It supports customers in virtually every sector ranging from energy, healthcare, industry, finance, IT, tourism, and aviation to a wide variety of public organisations. F24 was formed in 2000 and is based in Munich, Germany.

Buy -
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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