Marvell Technology Acquires Aquantia Corp.

May 6, 2019

Marvell Technology Group Ltd. agreed to acquire Aquantia Corp. for $13.25 per share in cash (approximately $452 million enterprise value). The acquisition, announced May 6, 2019, is expected to close by the end of 2019 subject to regulatory and stockholder approval and will expand Marvell’s high-speed Ethernet connectivity portfolio, including automotive networking capabilities.

Buyers
Marvell Technology Group Ltd.
Targets
Aquantia Corp.
Sellers
Walden CEL Global Fund I, China Everbright Limited, Walden International Group
Industry
Manufacturing
Location
California, United States
Transaction Type
Buyout

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