Parade Technologies Acquires Fresco Logic for $37.5M

April 23, 2020

Parade Technologies, Ltd. agreed to acquire Fresco Logic, Inc. for $37.5 million in cash to expand its high-speed USB Type-C connectivity portfolio and accelerate its USB4 roadmap. The deal includes Fresco Logic's USB hub, port expansion, Power Delivery products and related intellectual property; the transaction is expected to close in Parade's fiscal Q2 2020 and will be funded from cash on hand.

Buyers
Parade Technologies, Ltd.
Targets
Fresco Logic, Inc.
Industry
Manufacturing
Location
Oregon, United States
Transaction Type
Buyout

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