Silicom completes acquisition of ADI Engineering

Israel-based Silicom Ltd has completed its previously-announced acquisition of ADI Engineering, a privately-held, US-based provider of high performance, high-quality, first-to-market Intel-based products targeted at the SDN, NFV, IoT, Cloud Computing and Virtualisation trends. Upon closing, Silicom paid ADI’s stockholders $10 million in cash, and will make additional payments in the future subject to the attainment of certain performance milestones.
“We are very pleased to complete the acquisition and to bring ADI into the Silicom family,” commented Shaike Orbach, Silicom’s President and CEO. “We look forward to working together, taking advantage of both our strengths to offer expanded product lines for existing customers and strategic new market segments. Initial discussions with both ADI and Silicom customers confirm their excitement about the potential of our joint efforts, and we look forward to immediately pursuing synergistic new product and business development opportunities.”