M&A Deal Summary

STMicroelectronics Acquires Semiconductor Business - Arkados

On December 28, 2014, STMicroelectronics acquired semiconductors company Semiconductor Business - Arkados from Iota Communications for 11M USD

Acquisition Highlights
  • This is STMicroelectronics’ 4th transaction in the Semiconductors sector.
  • This is STMicroelectronics’ 3rd largest (disclosed) transaction.
  • This is STMicroelectronics’ 3rd transaction in the United States.

M&A Deal Summary

Date 2014-12-28
Target Semiconductor Business - Arkados
Sector Semiconductors
Buyer(s) STMicroelectronics
Sellers(s) Iota Communications
Deal Type Divestiture
Deal Value 11M USD

Target

Semiconductor Business - Arkados

United States
Semiconductor Business of Arkados.

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Buyer(S) 1

Buyer

STMicroelectronics

Geneva, Switzerland

Category Company
Founded 1987
Sector Semiconductors
Employees51,323
Revenue 17.3B USD (2023)
DESCRIPTION

STMicroelectronics is a semiconductor provider delivering intelligent and energy-efficient products and solutions that power the electronics at the heart of everyday life. STMicroelectronics was founded in 1987 and is based in Geneva, Switzerland.


DEAL STATS #
Overall 6 of 9
Sector (Semiconductors) 4 of 5
Type (Divestiture) 1 of 2
Country (United States) 3 of 3
Year (2014) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-29 The Portland Group

Lake Oswego, Oregon, United States

The Portland Group (a.k.a. PGI) is a premier supplier of software compilers and tools for parallel computing, known as PGI® products. The Portland Group offers optimizing parallel FORTRAN 2003, C99 and C++ compilers and tools for workstations, servers and clusters running Linux, MacOS or Windows operating systems based on the microprocessors

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-29 ams AG - NFC and RFID Reader Assets

Unterpremstaetten, Austria

ams AG - NFC and RFID Reader Assets is a provider of sensor solutions, NFC/RFID tags business and relevant design capabilities to create wireless IoT sensor solutions and support upcoming sensor nodes.

Buy $79M

Seller(S) 1

SELLER

Iota Communications

Newark, New Jersey, United States

Category Company
Founded 2002
Sector Information Technology
Employees6
Revenue 2M USD (2017)
DESCRIPTION

Iota Communications, Inc. is a provider of a wireless network and operating system (the "platform") which has been purpose-built and optimized for the Internet of Things applications. Iota's is the only IoT-dedicated wireless platform in the US whose core network operates on FCC-licensed radio spectrum, and the only one which also connects all standard end devices transmitting on standard cellular, WiFi, Bluetooth, and Zigbee protocols. Iota operates an open-interface applications environment which hosts and distributes both Iota's and third-party customer applications. Iota also offers important additional products and services which facilitate the adoption of our platform-based services. These include customer connectivity devices and other pass-through equipment for certain applications, FCC license application, procurement, and leasing services, and solar energy, LED lighting, and HVAC conversion and implementation services. Iota Communications was formed in 2002 and is headquartered in Newark, New Jersey.


DEAL STATS #
Overall 1 of 1
Sector (Semiconductors) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-08 Solbright Renewable Energy

Charleston, South Carolina, United States

Solbright Renewable Energy LLC is a renewable energy design and development company. Solbright Renewable Energy LLC was established in 2009 and is headquartered in Charleston, South Carolina.

Buy $15M