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M&A Deal Summary

Renesas Electronics Acquires Celeno

On October 28, 2021, Renesas Electronics acquired technology hardware company Celeno for 315M USD

Acquisition Highlights
  • This is Renesas Electronics’ 1st transaction in the Technology Hardware sector.
  • This is Renesas Electronics’ 5th largest (disclosed) transaction.
  • This is Renesas Electronics’ 1st transaction in Israel.

M&A Deal Summary
Date 2021-10-28
Target Celeno
Sector Technology Hardware
Buyer(s) Renesas Electronics
Deal Type Add-on Acquisition
Deal Value 315M USD

Target

Celeno

Ra'anana, Israel
Celeno offers a wide range of wireless communication solutions, including advanced Wi-Fi chipsets and software solutions, for high-performance home networks, smart buildings, enterprise, and industrial markets. Its industry’s most compact chipset offerings for Wi-Fi 6 and 6E deliver exceptional Wi-Fi network performance and increased security with low latency and low power consumption. The company's breakthrough Wi-Fi Doppler Imaging technology, a Wi-Fi based, high-resolution imaging technology is ideal for home elderly care and assisted living, home security, safe driving and digital and connected factories. It depicts, tracks and analyzes the motion, behavior and location of people and objects using standard Wi-Fi, eliminating the need for multiple cameras or sensors in home environments and commercial buildings. Celeno was formed in 2005 and is based in Ra'anana, Israel.

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Buyer(S) 1

Buyer

Renesas Electronics

Tokyo, Japan
Category Company
Founded 2002
Sector Semiconductors
Employees21,907
Revenue 1.35T JPY (2024)
DESCRIPTION

Renesas Electronics delivers semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. Renesas is a supplier of microcontrollers, and a leader in Analog & Power and SoC products, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics (HE), Office Automation (OA) and Information Communication Technology (ICT) applications to help shape a limitless future. Renesas Electronics was founded in 2002 and is based in Tokyo, Japan.

DEAL STATS #
Overall 5 of 10
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 9
Country: Israel M&A 1 of 1
Year: 2021 M&A 2 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-08 Dialog Semiconductor

Reading, United Kingdom

Dialog Semiconductor Plc is a designer and producer of semiconductors for mobile telephones and automotive systems. Dialog Semiconductor was founded in 1988 and is based in Reading, the United Kingdom.

Buy €4.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-08 Reality AI

Columbia, Maryland, United States

Reality AI is a provider of embedded AI solutions that offers a wide range of embedded AI and Tiny Machine Learning (TinyML) solutions for advanced non-visual sensing in automotive, industrial and commercial products. Reality AI is based in Columbia, Maryland.

Buy -
Mergr

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