- NVIDIA will acquire all of the issued and outstanding common shares of Mellanox for $125 per share in cash
- Mellanox, in March 2020, had reached a definitive agreement to acquire privately held Titan IC
NVIDIA has announced that it has received approval from all necessary authorities to proceed with its planned acquisition of Mellanox. The company had announced its plans to acquire Mellanox in 2019. The latest approval by China’s State Administration for market regulation follows antitrust approval from the European Commission and Mexico and the expiration of the waiting period under U.S. antitrust laws.
“We’re excited to unite NVIDIA’s accelerated computing platform with Mellanox’s world-renowned accelerated networking platform under one roof to create next-generation datacenter-scale computing solutions. I am particularly thrilled to work closely with the visionary leaders of Mellanox and their amazing people to invent the computers of tomorrow,” Jensen Huang, founder & CEO of NVIDIA has said in 2019.
Pursuant to the agreement, NVIDIA will acquire all of the issued and outstanding common shares of Mellanox for $125 per share in cash, representing a total enterprise value of approximately $6.9 billion.
Mellanox is acquiring Titan IC
Mellanox, in March 2020, had reached a definitive agreement to acquire privately held Titan IC, the developer of network intelligence (NI) and security technology to accelerate search and big data analytics across a broad range of applications in data centers worldwide.
The acquisition, as per Mellanox, will further strengthen it’s network intelligence capabilities delivered through the company’s advanced ConnectX and BlueField families of SmartNIC and I/O Processing Unit (IPU) solutions. Titan IC’s team in Belfast, Northern Ireland will become the center of advanced network intelligence research and development for Mellanox.
“We share the same vision for accelerated computing as NVIDIA. Combining our two companies comes as a natural extension of our longstanding partnership and is a great fit given our common performance-driven cultures. This combination will foster the creation of powerful technology and fantastic opportunities for our people,” Eyal Waldman, founder and CEO of Mellanox had said back in 2019.
