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Valens Expands Industrial USB Solutions with Acroname Buy

Valens Expands Industrial USB Solutions with Acroname Buy

Valens (VLN) has released an update.

Valens Semiconductor has announced the strategic acquisition of Acroname, enhancing its USB offerings for the industrial sector and marking its first significant M&A transaction. Acroname’s advanced automation and USB control technologies complement Valens’ USB extension chipsets, promising innovative solutions for industries reliant on USB connectivity. The deal, valued at $7.8 million plus additional considerations based on performance targets, positions Valens to better serve the growing USB3 Vision camera market and other tech-driven sectors.

For further insights into VLN stock, check out TipRanks’ Stock Analysis page.

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