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Renesas Completes Acquisition Of Steradian

Oct 17, 2022•about 3 years ago

Acquiring Company

Renesas Electronics Corporation

Acquired Company

Steradian

Description

Renesas Electronics Corporation (TSE:6723, “Renesas”), a premier supplier of advanced semiconductor solutions, today announced that it has completed the acquisition of Steradian Semiconductors Private Limited (“Steradian”), a fabless semiconductor company providing 4D imaging radar solutions, as of October 17, 2022.

Company Information

Company

Renesas Electronics Corporation

About

Renesas Electronics Corporation (TSE: 6723) (“Renesas”) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. A global leader in microcontrollers, analog, power, and SoC products, Renesas provides comprehensive solutions for a broad range of automotive, industrial, infrastructure, and IoT applications that help shape a limitless future. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, and YouTube.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed