Valens Semiconductor acquires Acroname

Valens Semiconductor announced the acquisition of Acroname, a pioneering company specializing in advanced automation and control technologies. The acquisition enables Valens to expand its position in the industrial market with a holistic USB-focused offering that includes Valens’ innovative USB extension chipsets, augmented by Acroname’s unique technology and expertise. “We are excited to welcome Acroname to the Valens team,” said Gideon Ben Zvi, CEO of Valens Semiconductor. “By incorporating Acroname’s technology and expertise into our USB offering, we will be able to deliver a unique value proposition to the industrial market, enabling the long-distance extension and seamless switching of Hi-Speed and SuperSpeed USB devices. This acquisition, our first M&A transaction, is an important milestone in our strategy of expanding our offering to multiple industries and increasing our value add for our customers.”