Transaction Expected To Close in the Second Half of February 2016
Mellanox’s proposed merger with EZchip has received the necessary votes of approval from EZchip shareholders. Mellanox expects to complete the acquisition of the fabless semiconductor provider of high-performance processing solutions during the second half of February 2016.
“With the receipt of the necessary shareholder approval, we are pleased to be another step closer to completing the acquisition of EZchip,” said Eyal Waldman, President and CEO of Mellanox. “This acquisition will enhance our scale and profitability by broadening the Mellanox product portfolio, add critical embedded processing intellectual property and know-how to our capabilities and significantly expand our market reach and customer relationships. With the combination of our teams, technologies and products, Mellanox and EZchip together will be in an excellent position to capitalize on the substantial opportunity for Intelligent Networking, and deliver significant benefits to shareholders, data center customers and employees of the combined company.”
Following completion of the transaction, Mellanox intends to integrate employees from both organizations and retain both companies’ existing product lines, which will ensure continuity for customers and partners of both companies.
