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.
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