- Mellanox, in March 2020, had reached a definitive agreement to acquire privately held Titan IC
- NVIDIA has paid $125 per Mellanox share
NVIDIA today announced the completion of its acquisition of Mellanox Technologies, Ltd., for a transaction value of $7 billion. The acquisition was initially announced in March 2019. NVIDIA has acquired all of the issued and outstanding common shares of Mellanox for $125 per share in cash.
“The expanding use of AI and data science is reshaping computing and data center architectures. With Mellanox, the new NVIDIA has end-to-end technologies from AI computing to networking, full-stack offerings from processors to software, and significant scale to advance next-generation data centers. Our combined expertise, supported by a rich ecosystem of partners, will meet the challenge of surging global demand for consumer internet services, and the application of AI and accelerated data science from cloud to edge to robotics,” said Jensen Huang, founder and CEO of NVIDIA.
The acquisition, as the company informed, is expected to be immediately accretive to NVIDIA’s non-GAAP gross margin, non-GAAP EPS and free cash flow, inclusive of incremental interest expense related to NVIDIA’s recent issuance of $5 billion of notes.
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.
“This is a powerful, complementary combination of cultures, technology and ambitions. Our people are enormously enthusiastic about the many opportunities ahead. As Mellanox steps into the next exciting phase of its journey, we will continue to offer cutting-edge solutions and innovative products to our customers and partners. We look forward to bringing NVIDIA products and solutions into our markets, and to bringing Mellanox products and solutions into NVIDIA’s markets. Together, our technologies will provide leading solutions into compute and storage platforms wherever they are required,” Eyal Waldman, founder and CEO of Mellanox.
