Dublin, Ireland – 09 May 2018 – S3 Group today announced that Adesto Technologies has entered into a definitive agreement to acquire its S3 Semiconductors business.
S3 Group, through its S3 Semiconductors business unit, has been involved in leading-edge IC design and silicon intellectual property licencing for over 30 years. Over this time, S3 Semiconductors has built a global customer base and a leading reputation in the semiconductor design industry.
“Over the years, S3 Semiconductors has built a first-class team that is focused on creating complex, high-quality custom products. This deal represents a compelling opportunity for S3 Semiconductors’ employees, customers and other stakeholders as the business becomes part of a highly synergistic organization with a global footprint,” said John O’Brien, CEO of S3 Group.
“S3 Semiconductors has a proven track record of designing and delivering differentiated mixed-signal and RF System-on-Chip products as well as an extensive IP portfolio which has been developed by a talented team of advanced design engineers over many years. This acquisition builds on Adesto’s position as a leading provider of memory technology to customers across IoT markets. With the addition of new technologies and expertise, we can better serve our customers by offering a broader range of innovative semiconductor products,” said Narbeh Derhacobian, CEO of Adesto.
S3 Group will now focus on its substantial and innovative S3 Connected Health business.
About S3 Group and S3 Connected Health
S3 Group, headquartered in Ireland, has created multiple successful technology businesses in the communications, video, semiconductor and healthcare sectors.
S3 Connected Health provides solutions for the Health and Life Sciences sector. Working with leaders in pharma, medtech and healthcare over the past 15 years, S3 Connected Heath has delivered products and solutions across 20 different therapy areas in 48 different countries. Our solutions include smart medical devices, implanted and wearable therapeutics and sensors, and clinician support patient engagement programmes. S3 Connected Health employs 200 people across three main offices in Ireland, Poland and the US. See www.s3connectedhealth.com
About S3 Semiconductors
S3 Semiconductors designs advanced mixed-signal chips and manages every aspect of supplying production devices to its customers using some of the world’s most advanced semiconductor production facilities. With more than 30 years’ experience designing advanced analog and digital circuitry for hundreds of customers in every major region, S3 Semiconductors delivers a new breed of design-centric semiconductor supplier capable of optimizing its designs for every customer, yet achieving cost economies not thought possible with custom chips designs until now. S3 Semiconductors has its headquarters in Dublin, Ireland, with offices in the US, Portugal, the Czech Republic, along with representatives worldwide. See www.s3semi.com
About Adesto Technologies
Adesto Technologies (NASDAQ:IOTS) is a leading provider of innovative application-specific semiconductors for the IoT era. The company’s technology is used by more than 2,000 customers worldwide who are creating differentiated solutions across industrial, consumer, medical and communications markets. With its growing portfolio of high-value technologies, Adesto is helping its customers usher in the era of the Internet of Things. See www.adestotech.com.
S3 Group Media Contact: James O’Riordan
+353 1 563 2020
Adesto Technologies Media Contact: Jen Bernier-Santarini