Ajay Shah, Chairman and Chief Executive Officer of SMART Global Holdings said, “The acquisitions will become part of the SMART Specialty Computing business. The products and customers added are complementary to our existing business, expand SMART’s target market opportunity and enable the company to cross-sell its existing products to new customers.”
Artesyn Embedded Computing is a private company based in Arizona. The company provides embedded computing solutions based on open standards such as ATCA, VMEbus, PCI Express and computer-on-module, with a range of long-life-cycle products, strong supplier partnerships and long-standing customer relationships.
As part of the SMART Speciality Compute and Storage Solutions (SCSS) line of business it will serve a range of defence, IIoT, edge computing, and communications OEM customers.
SMART has agreed to acquire Artesyn EC for $80 million in cash from the balance sheet. Performance-based considerations of approximately $10 million also will be paid if certain agreed-upon targets are achieved over the second half of this calendar year.
Inforce Computing is a privately held provider of modular embedded computing and IoT solutions targeting applications in Medical Imaging, Video Conferencing, AR/VR Computing, IIoT, Commercial Drones and Robotics.
Located in California, Inforce Computing develops high-performance production-ready ARM ISA-based embedded computing platforms for IoT applications. Partnerships with companies such as Qualcomm and Marvell allow Inforce to design and manufacture Snapdragon and Marvell processor-based SOMs, SBCs and development kits.
SMART will acquire Inforce for a total of $12 million in cash and equity consideration. Inforce will also become a part of SCSS.