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Synaptics To Acquire Dsp Group, Expanding Leadership In Low Power Ai Technology

Aug 30, 2021almost 4 years ago

Acquiring Company

Green Coffee Company

Acquired Company

DSP Group

MedellínInsuranceFood And BeverageAgriculture and FarmingManufacturingFinancial ServicesHardwareConsumer Electronics

Description

Synaptics Incorporated (Nasdaq: SYNA) and DSP Group, Inc. (Nasdaq: DSPG) today announced the signing of a definitive agreement, unanimously approved by the boards of directors of both companies, whereby Synaptics acquires DSP Group, a leading global provider of voice and wireless chipset solutions for converged communications, at $22.00 per share in an all-cash transaction. The combination is anticipated to generate annual run rate synergies of $30 million for the new entity to be realized within 12 months of closing and is immediately accretive to Synaptics' non-GAAP earnings. The transaction is expected to be financed through a combination of cash on hand and a fully committed, incremental debt financing arrangement with a projected close by the end of calendar year 2021, subject to DSP Group shareholder approval and customary closing conditions.

Company Information

Company

Green Coffee Company

Location

620 TAYLOR STATION ROAD

Medellín, Antioquia, Colombia

About

We're leading the Colombian coffee industry by building an environmentally sustainable, socially equitable, and fully modernized approach to coffee production. We invest in the innovation of agricultural practices and processing in order to produce exceptional coffees that serve farming communities, the local environment, and value-chain partners.

DealWatch™ Score

70
High M&A Activity

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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

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