Renesas Electronics made a deal with Celeno Communications where Renesas will acquire Celeno in an all-cash transaction (approximately US$315 million or 35.9 billion yen). The transaction is expected to close by the end of 2021, subject to closing conditions. This action will expand Renesas’ connectivity portfolio, leveraging Celeno’s Wi-Fi and software expertise. Celeno offers a range of wireless communication solutions, including advanced Wi-Fi chipsets and software for high-performance IoT applications.
Celeno’s Wi-Fi Doppler Imaging technology serves applications such as home elderly care and assisted living, as well as home security, driving, and smart facilities. Wi-Fi Doppler Imaging captures the motion, behavior, and location of people and objects using standard Wi-Fi. This eliminates the need for other cameras or sensors in monitored spaces. The acquisition also enhances Renesas’ engineering and design scale with Celeno’s design center in Israel and by welcoming R&D staff based in Israel, Ukraine, India, China, Taiwan as well.
“The transaction announced today underscores our continuous commitment to improve performance and efficiency in electronic systems,” according to Hidetoshi Shibata, President and CEO of Renesas. “Building on our recently-expanded connectivity portfolio following the Dialog acquisition, the addition of Celeno provides us with more advanced Wi-Fi connectivity capabilities to deliver end-to-end connectivity solutions for both clients and access points. Renesas is now strongly positioned to capitalize on the growing opportunities from the massive rise in connectivity and requirements created by today’s increasingly connected world.”
“This is a compelling transaction for both our customers and employees. Our depth and strength in connectivity combined with Renesas’ industry leading portfolio of embedded solutions will allow us, together, to open up new growth areas we can target,” added Gilad Rozen, President and CEO of Celeno.” Renesas will also provide us with the go-to-market capabilities to bring Celeno to a broader range of customers.”
