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  6. SMIT Holdings Acquires S2C Tech

M&A Deal Summary

SMIT Holdings Acquires S2C Tech

On October 31, 2018, SMIT Holdings acquired technology hardware company S2C Tech

Acquisition Highlights
  • This is SMIT Holdings’ 1st transaction in the Technology Hardware sector.
  • This is SMIT Holdings’ 1st transaction in the United States.
  • This is SMIT Holdings’ 1st transaction in California.

M&A Deal Summary
Date 2018-10-31
Target S2C Tech
Sector Technology Hardware
Buyer(s) SMIT Holdings
Deal Type Add-on Acquisition

Target

S2C Tech

San Jose, California, United States
S2C Tech, Inc. is a hardware-based verification systems and software companies, to further diversity its business and revenue stream. S2C has been successfully delivering hardware-based rapid verification solutions since its establishment in 2003. S2C provides 1) rapid hardware-based verification system and automation software; 2) Prototype Ready™ IP, interfaces and platforms; 3) System-level design verification and acceleration tools.

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Buyer(S) 1

Buyer

SMIT Holdings

Hong Kong, China
Category Company
Founded 2002
Sector Technology Hardware
Employees181
Revenue 14M HKD (2024)
DESCRIPTION

SMIT Holdings is a security devices provider for pay TV broadcasting access worldwide and for mobile point-of-sale, or mPOS, payment systems in China. The Company's main product types are CAMs and mPOS devices. The Company is a leading CAM provider globally and a major mPOS supplier in China. SMIT Holdings was founded in 2002 and is based in Hong Kong, China.

DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
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