Japan's Renesas Acquires Israeli Chipset Developer Celeno for $315M
October 31, 2021 /Tel Aviv, Israel/ -- Japanese chipmaker Renesas announced last week that it has signed an agreement to acquire Israeli Wi-Fi chipset solutions developer Celeno Communications in an all-cash deal for $315 million, including milestone payments.
Renesas said the deal was approved by the boards of directors of both companies and is expected to close by the end of the calendar year 2021, subject to customary closing conditions. The acquisition significantly enhances Renesas’ connectivity portfolio with the addition of Celeno’s industry-leading Wi-Fi technologies and software expertise, the announcement from Renesas said.
Founded in 2005, Raanana-based company Celeno offers advanced Wi-Fi chipsets and edge software to deliver smart Wi-Fi connectivity and Wi-Fi doppler imaging tech into the realm of high-performance home networks, smart buildings and enterprise and industrial solutions. Celeno’s breakthrough Wi-Fi doppler imaging technology is ideal for home elderly care and assisted living, home security, safe driving, and digital and connected factories. It depicts, tracks and analyzes the motion, behavior, and location of people and objects using standard Wi-Fi, eliminating the need for multiple cameras or sensors in home environments and commercial buildings.
Celeno’s field-proven Wi-Fi and software capabilities are highly complementary to Renesas, the Japanese company said. The combination creates comprehensive, end-to-end embedded solutions for addressing the fast-growing markets for low-power connectivity in IoT, infrastructure, industrial and automotive applications.
The acquisition will also increase Renesas’ engineering and design scale with Celeno’s design center in Israel and by welcoming R&D staff based in Israel, Ukraine, India, China, Taiwan, and more.
“The transaction announced today underscores our continuous commitment to improve performance and efficiency in electronic systems,” said Hidetoshi Shibata, President and CEO of Renesas. “Building on our recently-expanded connectivity portfolio following the Dialog acquisition, the addition of Celeno provides us with more advanced Wi-Fi connectivity capabilities to deliver end-to-end connectivity solutions for both clients and access points. Renesas is now strongly positioned to capitalize on the growing opportunities from the massive rise in connectivity and requirements created by today’s increasingly connected world.”
“This is a compelling transaction for both our customers and employees. Our depth and strength in connectivity combined with Renesas’ industry-leading portfolio of embedded solutions will allow us, together, to open up new growth areas we can target,” said Gilad Rozen, President and CEO of Celeno.” Renesas will also provide us with the go-to-market capabilities to bring Celeno to a broader range of customers.”
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