[Celeno in CTech] Israel’s Celeno acquired by Japan’s Renesas for $315 million

Israeli company Celeno Communications, a leading provider of Wi-Fi solutions, is being acquired by Japan’s Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, in an all-cash transaction valuing Celeno at approximately $315 million (approximately 35.9 billion yen at an exchange rate of 114 yen to the dollar).

Read more on CTech here.

Source: https://blog.ourcrowd.com/israels-celeno-acquired-by-japans-renesas-for-315-million/