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M&A Deal Summary

Apple Acquires PowerbyProxi

On October 25, 2017, Apple acquired technology hardware company PowerbyProxi

Acquisition Highlights
  • This is Apple’s 11th transaction in the Technology Hardware sector.
  • This is Apple’s 1st transaction in New Zealand.

M&A Deal Summary
Date 2017-10-25
Target PowerbyProxi
Sector Technology Hardware
Buyer(s) Apple
Deal Type Add-on Acquisition

Target

PowerbyProxi

Auckland, New Zealand
PowerbyProxi Ltd. designs and develops a range of safe, high efficiency and high density wireless power products. The company’s name is a play on the words “Power by Proximity” reflecting its vision that surfaces, not sockets will deliver power to all of our digital devices. The company is headquartered in Freemans Bay, Auckland, New Zealand.

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Buyer(S) 1

Buyer

Apple

Cupertino, California, United States
Category Company
Founded 1977
Sector Technology Hardware
Employees164,000
Revenue 391.0B USD (2024)
DESCRIPTION

Apple is a diversified technology company offering technology hardware, software, and media. Apple sells a line of computers, cell phones, tablets - as well as manages an ecosystem of apps. Apple was founded in 1977 and is based in Cupertino, California.

DEAL STATS #
Overall 85 of 113
Sector: Technology Hardware M&A 11 of 15
Type: Add-on Acquisition M&A Deals 85 of 112
Country: New Zealand M&A 1 of 1
Year: 2017 M&A 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-04 Wealth

New York, New York, United States

Wealth, Inc. (dba Init.ai) is a smart assistant for customer representatives to parse and get better insights from their interactions with users, as well as automate some of the interactions. Init.ai is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-09 InVisage Technologies

Menlo Park, California, United States

InVisage Technologies, Inc. is a semiconductor company, that developes image sensor that captures light on using thinner camera modules such as mobile phones and drones. InVisage Technologies, Inc. was founded in 2005 and is headquartered in Menlo Park, California.

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