M&A Deal Summary

CEVA Acquires Hillcrest Labs

On July 22, 2019, CEVA acquired technology hardware company Hillcrest Labs from InterDigital

Acquisition Highlights
  • This is CEVA’s 1st transaction in the Technology Hardware sector.
  • This is CEVA’s 1st transaction in the United States.
  • This is CEVA’s 1st transaction in Maryland.

M&A Deal Summary
Date 2019-07-22
Target Hillcrest Labs
Sector Technology Hardware
Buyer(s) CEVA
Sellers(s) InterDigital
Deal Type Divestiture

Target

Hillcrest Labs

Rockville, Maryland, United States
Hillcrest Labs is a provider of software, components and intellectual property to enable the intelligent use of sensors in consumer electronics and IoT devices. Hillcrest Labs was founded in 2001 and is based in Rockville, Maryland.

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Buyer(S) 1

Buyer

CEVA

Rockville, Maryland, United States
Category Company
Founded 1999
Sector Technology Hardware
Employees424
Revenue 97M USD (2023)
DESCRIPTION

CEVA is a provider of DSP-based IP platforms for vision, audio, communications and connectivity. CEVA's IP portfolio includes comprehensive technologies for computer vision and computational photography, advanced audio and voice processing, wireless baseband (2G, 3G & 4G LTE/LTE-A), connectivity (Wi-Fi & Bluetooth) and serial storage (SATA & SAS). CEVA was founded in 1999 and is based in Rockville, Maryland.

DEAL STATS #
Overall 2 of 3
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-08 RivieraWaves SAS

Biot, France

RivieraWaves is a provider of wireless connectivity IP for Wi-Fi and Bluetooth technologies.

Buy $19M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Intrinsix

Marlborough, Massachusetts, United States

Intrinsix is an advanced semiconductor design services firm with the platforms, process, and people to ensure first-turn success of your semiconductor project. Intrinsix was founded in 1986 and is based in Marlborough, Massachusetts.

Buy $33M

Seller(S) 1

SELLER

InterDigital

Wilmington, Delaware, United States
Category Company
Founded 1972
Sector Technology Hardware
Employees450
Revenue 550M USD (2023)
DESCRIPTION

InterDigital develops technologies that are at the core of mobile devices, networks, and services worldwide. InterDigital solves critical and complex technical challenges, creating solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital was founded in 1972 and is based in Wilmington, Delaware.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 Technicolor SA - Technicolor Patent Licensing Business

Issy-les-Moulineaux, France

Technicolor SA - Technicolor Patent Licensing Business includes 18,000 patents and applications, across a broad range of technologies, including approximately 3,000 worldwide video coding patents and applications.

Buy $150M
Mergr

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